Reebok cuts 150 jobs, 65 of them in Canton
Layoffs follow slashing of sales forecast
Struggling Reebok International Ltd. said Tuesday it is cutting about 65 positions at the athletic apparel maker’s Canton headquarters, just under 7 percent of the workforce there, as part of a global restructuring. Worldwide, Reebok said it will eliminate 150 jobs, including by closing its European office in Amsterdam and its Asia-Pacific office in Hong Kong. In all, it has 8,000 employees. The layoffs come several months after Reebok’s German parent, Adidas AG, slashed its 2015 sales forecast for Reebok from about $3.9 billion to $2.6 billion.