Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

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Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.

n-tv.de

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Structures "too complex": Adidas wants to rebuild headquarters - will 500 jobs be lost?

Business has recently been improving for Adidas. Nevertheless, jobs at the headquarters could be lost - reportedly hundreds. The company wants to partially reposition itself for the future.

Kronen Zeitung

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Adidas wants to delete hundreds of posts in headquarters

According to an insider, Adidas CEO Björn Gulden wants to remove up to 500 jobs at the head office of the sporting goods manufacturer in Herzogenaurach. According to official figures, this is due to restructuring. The word "sparing program" does not want to be put in the mouth. The number was mentioned by Gulden on Wednesday at a meeting with the workforce, said one participant on Thursday of the news agency Reuters. The world's second largest s…

Business Insider (Poland)

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The German giant will lay off up to 500 people

Adidas plans to lay off up to 500 workers to simplify its operations, CNBC reports. A spokesman for the German clothing giant said the current operating model had become "too complicated."

Retail Gazette

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Adidas to restructure German HQ with 500 jobs at risk - Retail Gazette

Adidas is planning a restructuring of its headquarters in Herzogenaurach, Germany, putting hundreds of jobs at risk. While the sporting giant did not provide specific figures, sources told Reuters that up to 500 jobs could be affected by the changes, which come as part of efforts to simplify the company’s structure. An Adidas spokesperson said the retailer had recognised its structure had become “too complex in a constantly changing world”. They…

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Another Positive Financial Report for adidas But Sources Say Jobs Will Be Cut