Reebok / Cuts 150 jobs worldwide

Reebok International Ltd. said Tuesday that it is cutting approximately 65 positions from its Canton headquarters, just under 7 percent of the struggling athletic apparel maker’s workforce there, as part of a restructuring.

Worldwide, Reebok will eliminate 150 jobs, including by closing its European office in Amsterdam and the Asia-Pacific office in Hong Kong. In all, the company has about 8,000 employees.

The layoffs come several months after Reebok’s German parent, Adidas AG, slashed its long-term sales forecast at Reebok from about $3.9 billion in 2015 to $2.6 billion — a larger decline than some analysts had expected.

Reebok is facing multiple challenges, including the loss of its contract to supply National Football League apparel and the ongoing National Hockey League lockout, though company spokesman Dan Sarro said the layoffs are not related to Reebok’s relationship with ­either league.

Choosen excerpts by Job Market Monitor from

via Struggling Reebok cuts 65 jobs at Canton headquarters, 150 worldwide – Business – The Boston Globe.