Sport & Leisure
Adidas confirms 500 HQ roles to be cut as it lowers profit guidance
Gulden stated that the group's operating profit is expected to range between €1.7bn and €1.8bn (£1.4bn to £1.5bn), falling short of the €2.1bn (£1.8bn) forecasted by analysts
Adidas is set to axe 500 jobs at its headquarters in Herzogenaurach, Germany, in a bid to reduce operational costs and lower costs.
You'll need to
subscribe to unlock this content. Already subscribed? Login?
