Nike to cut about 1,750 jobs worldwide
That represents 5 per cent of the global work force at the shoe and apparel company.
By Agencies |
PORTLAND, OREGON: Nike says it will cut about 1,750 jobs worldwide. That represents 5 per cent of the global work force at the shoe and apparel company.
About 500 of the jobs lost will be at Nike's world headquarters in Oregon.
The company had announced in February that it is realigning its business and would cut jobs. Like many companies, Nike Inc has seen demand for its products slow as the global economic meltdown hurt consumer spending.
The company plans to complete the reductions in the coming weeks.
About 500 of the jobs lost will be at Nike's world headquarters in Oregon.
The company had announced in February that it is realigning its business and would cut jobs. Like many companies, Nike Inc has seen demand for its products slow as the global economic meltdown hurt consumer spending.
The company plans to complete the reductions in the coming weeks.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
ADVERTISEMENT
