Shoe and apparel company Nike Inc. said Thursday that it will cut about 1,750 jobs worldwide, or 5 percent of its global work force.
Nike to cut about 1,750 jobs worldwide
Nike says it will cut about 1,750 jobs worldwide. That represents 5 percent of the global work force at the shoe and apparel company.
Nike promotes Allaker to head Umbro
Shoe and apparel company Nike Inc. said Monday that Jim Allaker will take over as the new CEO and president of Umbro.
Summary Box: Nike's 3rd qtr
THE RESULTS: Nike Inc. reported that its third-quarter net income rose 5 percent as its sales rose in almost all divisions. That amounted to $1.08 per share on revenue of $5.08 billion.
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