Adidas will slow down: Plans to limit employment confirmed, among others Reuters and CNBC. The German manager Magazin was the first to write about them. It may lose to 500 people in Herzogenaurs, where the headquarters is located companies. Adidas employs 5,800 people there. The decision on this matter was forwarded to employees on Wednesday.
The giant boasts the results of: Only the day before, Adidas published preliminary quarterly financial data, which he described as better than expected. In the last three months of the year, sales have increased by 19 % to 5.97 billion europiercing the expectations of analysts. The report made Adidas's shares on Wednesday dawn They gained 6 percent, conquering the entire German DAX index to the highest level in history at closing the session.
Why these exemptions? Adidas's representative reported that it was not a cutting plan costand simplifying the operational model that has become too complex. It is to be about adapting the company to changes from the last few years. Adidas does not officially state how many people intend to slow down, the number 500 is given by the media citing their sources. The German company is the second largest sportswear manufacturer in the world.
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