Nike Inc plans to halt its production at three shoe factories in China and one in Vietnam.
Source: CNBC, Reuters
~News submitted by upthecreek
March 25, 2009
Nike pulls output at 4 Asia plants
February 10, 2009
Nike says it may cut up to 4 percent of work force
According to CNBC: “Shoe and apparel company Nike, Inc. says it may cut up to 1,400 jobs as part of a restructuring.
The company said Tuesday that it is realigning its business and as part of that, could cut up to 4 percent of its work force. ”
- Nike employs nearly 35,000 people worldwide
~News submitted by upthecreek
