- people on the move
Amway cutting jobs
Amway has initiated another round of job cuts.
Ada-based Amway is making an undisclosed number of cuts to “key back-office” roles globally in its legal, HR, strategy and planning, supply chain and finance departments, said Anna Bryce, a spokesperson for the direct-selling company, today.
Bryce declined to provide further details, as specifics are still being communicated to employees and will be over the coming weeks.
“Amway is committed to strengthening its business opportunity, so Amway business owners can be more competitive and successful in today’s marketplace,” the company said in a statement.
“To ensure that happens, we’re investing in many aspects of the business and evaluating our global structure so that our resources align with our strategic focus.”
The Business Journal reported on Dec. 3 that Amway was cutting 45 management-level positions from many of the same departments. About 60 percent of them were located at the Ada corporate headquarters.
Last September, Amway announced the planned closure of its durables plant and laundry powder plant on its campus at 7575 Fulton St. E. The facilities are slated to close by the end of this year.
Amway has more than 16,000 employees worldwide, including about 4,000 in West Michigan as of December.
The company reported $8.8 billion in sales for the year ending Dec. 31, 2018, an increase from $8.6 billion in 2017.
Amway had seen several consecutive years of sales declines since 2013, when it reached an all-time high of $11.8 billion in revenue. Sales were at $10.8 billion at the end of 2014, $9.5 billion in 2015 and $8.8 billion in 2016.
The company’s annual sales figure includes revenue from direct-selling operations and other business holdings.
Amway has several brands: Nutrilite vitamin, mineral and dietary supplements; Artistry skin care and color cosmetics; eSpring water treatment systems; and XS energy drinks — all sold exclusively by Amway independent business owners.