Nike

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
15 - Manufacture of leather and related products of other materials
15 - Manufacture of leather and related products of other materials
1,750 jobs
Number of planned job losses
Job loss
Announcement Date
15 May 2009
Employment effect (start)
Foreseen end date
31 January 2010

Description

Nike, the multinational company making athletic footwear and apparel, is to cut 1,750 jobs by the beginning of 2010. According to the company, the lay-offs are mainly due to the drop in demand and sales of Nike products registered during the current economic crisis. Nike has 35,000 employees worldwide.

Sources

  • 15 May 2009: Il Diario del lavoro

Citation

Eurofound (2009), Nike, Internal restructuring in World, factsheet number 68953, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68953.