Adidas nears conclusion of headquarter-based staff reductions
Let's dive into the ongoing shakeup at sportswear giant Adidas. According to CEO Bjørn Gulden, the company's previously announced job cuts at its headquarters are well underway, with only a third left to go.
The bustling town of Herzogenaurach, home to Adidas' headquarters near Munich, has been in a state of change. The renowned brand is aiming to be more streamlined by eliminating redundant business functions, thus boosting efficiency.
Gulden made this announcement during the annual general meeting in Fürth on Thursday. He confirmed that, by slashing duplicate and even tripled business models, Adidas is aiming to stay competitive in the aggressive sportswear industry.
As early as last year, Adidas unveiled its plan to axe approximately 500 positions. Those affected have been offered severance packages. However, it seems the brand has been more aggressive in its efforts, as we're now two-thirds of the way through the cuts.
It's important to note that Adidas is not the only player in the industry implementing such organizational changes. With the constant need to optimize business models and streamline operations, refining organizational structures has become a priority for many companies.
Stay tuned for updates on Adidas' workforce restructuring journey. For a deeper look into the story, head over to ntv.de or rts for the latest insights.
The employment policy of Adidas, as part of their community policy, is currently focused on reducing excess business functions for increased efficiency, as announced during the annual general meeting. The implementation of this strategy includes modifications to the finance aspect of their business, with an aim to stay competitive in the aggressive sportswear industry.
