World Footwear

Companies

Under Armour to lay off 600 employees globally

Sep 9, 2020 United States
Under Armour to lay off 600 employees globally
US-based sportswear maker said it will lay off about 600 employees from its global workforce, given the impact of the COVID-19 pandemic in its business
In a US Securities and Exchange Commission filing presented Tuesday, Under Armour said it plans to cut about 600 jobs primarily in its “global corporate workforce.”

As part of the plan, Under Armour expects it will incur 235 million US dollars of cash charges including up to approximately 135 million US dollars of contract termination and other restructuring costs. The brand also expects to recognize 70 million US dollars of facility and lease termination costs and 30 million US dollars in employee severance and benefit costs related to such reduction in its workforce.

Source: Baltimore Business Journal


Related Events

  • Aug
    17
    Aug 17-Aug 18, 2022 | Portland, United States

    NW Apparel and Footwear Materials Show

  • Aug
    18
    Aug 18-Aug 21, 2022 | St. Paul, Minnesota, United States

    Northwest Shoe Travelers

  • Aug
    21
    Aug 21-Aug 22, 2022 | Manchester, New Hampshire, United States

    Boston Shoe Travelers - Manchester

  • Aug
    21
    Aug 21-Aug 21, 2022 | , United States

    NSRA Retail Workshop - Manchester

Related Organizations

  • FFANY - Fashion Footwear Association of New York

    FFANY - Fashion Footwear Association of New York

    United States
  • The Museum at FIT

    The Museum at FIT

    United States
  • WSTA - World Shoe Travelers Association

    WSTA - World Shoe Travelers Association

    United States
  • TUSPM Shoe Museum

    TUSPM Shoe Museum

    United States