But the pressure to cut debt further is building fast.

In addition, the move is supposed to cut the company's debt by 20 to 25 percent, he said.

It will also enable the company to cut its debt.

The company has already sold six businesses and cut debt by $300 million this year.

Last year there was a £400m placing to cut debt.

Last year, Avon cut its $1.1 billion debt by $500 million, he said.

The company has been trying to cut its debt of more than $5 billion, and it will face shareholders at a meeting on Wednesday.

To date, he has collected nearly $30,000, cutting his debt in half.

They are joining the trend among corporations to cut their debt.

The economic crisis and need to cut public debt should not be an excuse to abandon the poor.