EMCC European Monitoring Centre on Change

Nike

Company/Organisation:
Nike

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
15 - Manufacture of leather and related products
Number Employed: 35000
Group: Nike

Employment Effects

Announcement Date: 15-05-2009
Planned Job Reductions min: 1750
Planned Job Reductions max: 1750
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-01-2010

Additional Information

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.