The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
(10 - 33) 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
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://dev.eurofound.europa.eu/restructuring-events/detail/68953.
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