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

  • Jun
    17
    Jun 17-Jun 19, 2024 | Salt Lake City, Utah, United States

    Outdoor Retailer

  • Jul
    9
    Jul 9-Jul 10, 2024 | St. Paul, Minnesota, United States

    Northwest Shoe Travelers Market

  • Jul
    17
    Jul 17-Jul 18, 2024 | New York, United States

    Lineapelle New York

  • Jul
    22
    Jul 22-Jul 23, 2024 | Portland, United States

    Polymers in Footwear Portland

Related Organizations

  • Council of Fashion Designers of America, Inc.

    Council of Fashion Designers of America, Inc.

    United States
  • Chicago School of Shoemaking & Leather Arts

    Chicago School of Shoemaking & Leather Arts

    United States
  • AAFA - American Apparel & Footwear Association

    AAFA - American Apparel & Footwear Association

    United States
  • ALCA - American Leather Chemists Association

    ALCA - American Leather Chemists Association

    United States