TITLE

NIKE, INC. MAKING STAFF CUTS

PUB. DATE
March 2009
SOURCE
SGB;Mar2009, Vol. 42 Issue 3, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that Nike Inc. is planning to eliminate up to 4 percent of its nearly 35,000 worldwide workforce as part of a restructuring and cost-cutting initiative. Nike noted that two years ago, it undertook a realignment of the Nike brand to organize along key global sport categories. The new restructuring move is an evolution of that strategy and would bring the company closer to consumers and reduce management layers.
ACCESSION #
37293391

 

Related Articles

  • Tin mill to close.  // Manufacturers' Monthly;Aug2006, p10 

    The article reports on the launch of a restructuring program and the closure of the tin mill of Bluescope Steel in Port Kembla, New South Wales. Bluescope will also close its manufacturing operations in Taiwan and eliminate about 250 management and staff jobs across all operations. The company...

  • Chemtura makes job cuts. Davis, Nigel // ICIS Chemical Business;4/9/2007, Vol. 2 Issue 61, p10 

    This article reports on the decision of Chemtura to reduce its workforce by ten percent, in a bid to streamline its business from six to four segments. The job cuts, which include five senior executives, will save the company $50 million. The company will be better able to serve current customer...

  • More Instinet Cutbacks. Clary, Isabelle // Securities Industry News;1/12/2004, Vol. 16 Issue 1, p27 

    Reports on the effort of the Instinet Group to cover costs related to new layoffs and office consolidation. Impairment of intangible assets related to various Island technologies; Reasons for cost reduction.

  • Coach Trimming 10% Of U.S. Corporate Staff.  // WWD: Women's Wear Daily;2/25/2009, Vol. 197 Issue 41, p3 

    The article reports on the plan by fashion company Coach Inc. to lay off 10 percent of its corporate staff as a response to the economic downturn in the U.S. The company is stated to reduce its expense structure and will eliminate merit-based wage increases as well as suspend expansion activity...

  • PTFS to shed 12% of workforce as it moves to cut £1.5m in costs. thomas, paul // Mortgage Strategy;10/22/2012, p12 

    The article deals with the plan of Personal Touch Financial Services to eliminate 12 per cent of its workforce. The move is aimed at cutting costs by around 1.5 million British pounds. The company also decided to place 80 of its workforce into consultation, but they will be allowed to reapply...

  • Adventrx Restructures to Focus Efforts on ANX-530 and ANX-514. Morrison, Trista // BioWorld Today;10/21/2008, Vol. 19 Issue 205, p1 

    The article reports on Adventrix Pharmaceuticals Inc. restructuring of its workforce in 2008. As stated, Adventrix reduced its workforce by about 27% to reduce costs and to focus its resources on its ANX-530 and ANX-514 chemotherapy emulsion products. According to chief business officer Brian...

  • Cortex Slashes Half its Staff in Latest Belt-Tightening.  // Bioworld Week;3/23/2009, Vol. 17 Issue 12, p1 

    The article reports on the cost-cutting measure of the Cortex Pharmaceuticals Inc. According to reports, in an effort to stay afloat, Cortex has laid-off about half of its employees, cut down executive salaries and suspended some research programs. It notes that shares of Cortex fell 5 cents, or...

  • Centrica: jobs go for Jupiter.  // MarketWatch: Energy;Sep2005, Vol. 4 Issue 9, p11 

    The article reports that Centrica PLC has unveiled plans to cut around 2,000 back-office jobs at British Gas PLC as part of its strategy to reorganize the gas utility and cut costs. The move comes as Centrica's belated integrated billing platform has began to migrate customers and could prove...

  • THE PEOPLE CHALLENGE. Fisher, Leo D'Angelo // BRW;5/14/2009, Vol. 31 Issue 19, p47 

    The article focuses on the increasing number of employee retrenchment in business companies in Australia. It highlights the Employment Trends Report which reveals the challenges of companies in handling internal and management restructuring, the redundancies as well as labor costs reduction....

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics