Natura &Co Holding layoffs, on the record
Every job cut, severance charge and restructuring Natura &Co Holding reported in its annual reports, 2021 to 2023, quoted from the filings. Headcount went from more than 35,000 to 19,955.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2021 | more than 35,000 | In 2021 |
| 20-F for 2022 | 32,398 | December 31, 2022 |
| 20-F for 2023 | 19,955 | December 31, 2023 |
Job cuts, severance and restructuring
Our summaryAvon expanded its Open Up cost-savings effort into the Open Up & Grow project to accelerate its transformation, with savings expected partly through restructuring actions that may bring severance charges.
Word for word“In September 2018, Avon initiated Open Up Avon, which was expanded in April 2020 with the launch of the Open Up & Grow project to accelerate Avon ’ s transformation.” 20-F for 2021
Our summarySubsidiary Avon carries a provision for costs tied to its integration plan and changes to its organizational structure.
Word for word“f) Provision for costs directly related to the plan for integration and changes in the organizational structure, mainly of subsidiary Avon organizational structure.” 20-F for 2021
Our summaryAvon plans to close the Suffern facility and relocate operations, with restructuring costs and capital expenses expected.
Word for word“The closure of the Suffern facility is expected to be completed by the end of Avon's fiscal quarter ending June 30, 2024.” 20-F for 2022
Our summaryNatura &Co recorded a transformation and integration plan expense within other operating expenses, which relates to changes in the organizational structure.
Word for word“Transformation and integration plan (f) ( 482,346 ) ( 511,048 ) ( 256,700 ) Restructuring expenses (g) ( 50,903 ) - - Other operating expenses ( 160,411 ) ( 20,390 ) ( 47,573 ) Total other operating expenses ( 1,088,107 ) ( 582,571 ) ( 662,689 ) Other operating expenses, net ( 780,288 ) ( 239,019 ) ( 516,190 )” 20-F for 2022
Our summaryNatura &Co recorded restructuring expenses within other operating expenses and within administrative expenses.
Word for word“Restructuring expenses 125,804 - - Other administrative expenses 2,288,941 2,717,489 1,985,872 Depreciation and amortization 1,120,818 1,131,624 1,201,844 Total 35,421,121 37,969,616 34,888,498” 20-F for 2022
Our summaryNatura &Co reported a provision for restructuring tied to the integration plan and changes in the organizational structure of Avon and group corporate structure review.
Word for word“Provision for restructuring (e) 175,809 103,760” 20-F for 2022
Our summaryThe company recorded a provision for costs tied to the Avon integration plan, changes in Avon's organizational structure and a review of the Group corporate structure.
Word for word“e) Provision for costs directly related to the integration plan and changes in the organizational structure of the subsidiary Avon and Group corporate structure review.” 20-F for 2023
Our summaryThe company recorded restructuring expenses for closing The Body Shop's operations in Russia, mainly employee pay and fines for ending store leases.
Word for word“f) Refers to expenses related to the closure of the operations of the subsidiary The Body Shop in Russia, the main expenses being related to employee remuneration and fines for terminating the store rental contract.” 20-F for 2023
Our summaryExecutive compensation for 2023 included severance payments to departed executive officers connected to the sale of Aesop and The Body Shop.
Word for word“(3) Includes severance payments to certain departed executive officers related to the sale of Aesop and The Body Shop .” 20-F for 2023
Natura &Co Holding has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Natura &Co Holding’s annual reports (20-F for 2023, 20-F for 2022, 20-F for 2021) and the financial data it files with the SEC, as of 2024-05-14. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.