Adidas to cut up to 500 jobs

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits
Adidas plans to cut as many as 500 jobs at its corporate headquarters in Germany in a bid to simplify its business—not to cut costs.
Adidas to restructure its HQ, does not rule out job cuts
German sportswear giant Adidas plans to adjust structures at its company headquarters in southern Germany and possibly also reduce the number of employees at the site by 5,800. A company spokeswoman said that figures could not be provided at the moment.
Sportswear Giants Adidas And Puma Weighing Job Cuts
German sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim to bolster profits.
Adidas to axe up to 500 jobs at headquarters, source says
Adidas CEO Bjoern Gulden plans to cut up to 500 jobs at the German sport retailer's headquarters in Herzogenaurach, a source who took part in a meeting where the figure was announced told Reuters on Thursday.
Adidas To Cut 500 Corporate Jobs: Company Structure 'Too Complex'
The chief executive officer Bjoern Gulden of Adidas AG will cut 500 roles based at its headquarters in Herzogenaurach as the company outperformed projected sales for the retro sneakers.
Adidas plans to cut up to 500 jobs at German headquarters - report
Adidas (OTC:ADDYY), the world's second-largest sportswear maker, is planning to reduce its workforce at its headquarters in Herzogenaurach, Germany, by up to 500 positions, Reuters reported, citing a source familiar with the matter.
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