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After rising prices and the increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in countries elsewhere in Asia, which includes parts of India, Pakistan, and Indonesia. [1] [2] It sub-contracted factories without reviewing the conditions, based on the lowest bid. Nike's usage of sweatshops originates to the 1970's.
Nike is cutting 2% of its global workforce, or little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvest its savings into what it sees as big growth areas like sport ...
After a decade of activism, Indonesian Nike supplier PT Nikomas Gemiland repaid 4437 production workers for 600,000 hours of forced unpaid labor. [ 4 ] In September 2018, Nike and Keady were in the news again over a controversial ad campaign with Colin Kaepernick, famed football player and social justice protester.
Nike will lay off about 2% of its employees, or close to 1,700 people, as the sportswear behemoth looks to cut as much as $2 billion in costs.
A stacked calendar with inflation data and updates on several macro economic headwinds awaits investors in the week ahead.
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
Takeaways from Nike's salary deep-dive—continuing the trend of company introspection. Plus: courts and companies are confronting the big California worker-classification decision. And scroll ...
On October 10, 2019, Nike announced that they would be closing down the Nike Oregon project. The CEO of Nike, Mark Parker, reported that the situation surrounding the actions of Alberto Salazar were distracting for the athletes and compromising their ability to focus on their training and competition needs. The current runners involved in the ...