Sunday, May 17, 2009

Nike cuts 500 from Beaverton headquarters

From the Portland Business Journal:

Nike said it is laying off 500 workers at its Washington County headquarters as part of a worldwide restructuring that includes about 1,750 job cuts.

The global sportswear giant had announced in February that it would undergo a corporate-wide restructuring that included a review of the company’s entire supply chain “from the sourcing base to the retail footprint.”

The job cuts represent about 5 percent of Nike’s 35,000 workers worldwide — slightly steeper than the 4 percent workforce reduction the company in February said would likely result from the restructuring.