Wednesday, February 11, 2009

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Nike says it may cut up to 4 percent of work force

Shoe and apparel company Nike, Inc. says it may cut up to 1,400 jobs as part of a restructuring. The company said Tuesday that it is realigning its business and as part of that, could cut up to 4 percent of its work force. Nike employs nearly 35,000 people worldwide.

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