Nike to cut about 1,750 jobs worldwide (500 in Oregon)

OhioChick

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Thu May-14-09 08:18 PM
Original message

Nike to cut about 1,750 jobs worldwide (500 in Oregon)

Edited on Thu May-14-09 08:25 PM by OhioChick

Source: Economic Times India

15 May 2009, 0201 hrs IST, AGENCIES

PORTLAND, OREGON: Nike says it will cut about 1,750 jobs worldwide. That represents 5 per cent of the global work force at the shoe and apparel company.

About 500 of the jobs lost will be at Nike's world headquarters in Oregon.

The company had announced in February that it is realigning its business and would cut jobs. Like many companies, Nike Inc has seen demand for its products slow as the global economic meltdown hurt consumer spending.

The company plans to complete the reductions in the coming weeks.

Read more: http://economictimes.indiatimes.com/articleshow/4532011.cms

500 more U.S. jobs lost. :(

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depakid

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Thu May-14-09 08:28 PM
Response to Original message

1. Meanwhile, credit card holders get zero relief

Edited on Thu May-14-09 08:28 PM by depakid

paying the banksters who borrow at next to nothing at loan shark rates when they could be using the savings to purchase shoes or other items to stimulate the economy and save jobs.

Way to go, Senate "Democrats."

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OhioChick

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Thu May-14-09 08:34 PM
Response to Reply #1

2. Agree Wholeheartedly. n/t

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CatholicEdHead

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Thu May-14-09 08:39 PM
Response to Original message

3. And so it continues

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