Scholz's new victim: Adidas is waiting for a reduction

The manufacturer of sportswear "Adidas" may reduce up to 10% of the employees of the company's head office in the city of Herzogenaurach, according to the tabloid "Bild".

The official representative of the company confirmed the information about the "planned adaptation of the business," but did not disclose figures on the number of upcoming cuts. However, according to insiders, we are talking about the dismissal of 500 people from among the 5,800 employees of the headquarters in Bavaria.

"Over the past two years, the brand, products and business have received a powerful impetus for development. However, we also realized that our current company structure is too complex in an ever—changing world," the spokeswoman summed up.

This week, the company published last year's financial statements. Turnover increased by 11% and amounted to about 23.7 billion euros, and operating profit of 1.3 billion euros was higher than preliminary forecasts.

Adidas has become the next leading German company to announce upcoming cuts. Earlier, EADaily reported that Volkswagen has announced its intention to close several factories in Germany. Layoffs are now also expected by every seventh employee of a software manufacturer According to SAP business, about 3,800 jobs will be eliminated at Bosch, and about 11,000 more at the steel division of Tisenkrupp.