Tar Heel Times
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Nike will eliminate 1,400 jobs, restructure

Nike said Thursday morning it will cut its global workforce by 2 percent in a broad restructuring, a move seen as a reflection of the company's somewhat weakened competitive position and a sagging retail sector. Nike had 70,000 employees at the end of last year, so Thursday's announcement would work out to about 1,400 jobs altogether. (Oregon Live)


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