Wednesday, February 11, 2009

Nike considers layoffs

From the Oregonian:

Nike executives said today they will unveil a restructuring plan this spring that will shed up to 4 percent of its 35,000 employees worldwide.
There was no word yet on how many of the 7,000 employed at the sportswear giant's Beaverton-area headquarters will be affected, company spokesman Bob Applegate said.

The company said a reorganization has been under way, but that it's speeding up now because of the recession. Nike instituted a hiring freeze and cut travel spending late last year.
"We, as a company, are affected by national and global economic conditions," Applegate said. "That said, it's important to stress this restructuring is something we've been engaged in, literally, for two years."
As part of the reorganization, Nike split into six, consumer-driven categories: soccer, basketball, training, women's training, running and sportswear. Layoff decisions will be based around those categories, Applegate said, taking into account job duplication.


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