Thread regarding Nike Inc. layoffs

No cuts in Nike EMEA!

In the US corporate fat cats get trillion dollar bailouts with no strings attached! They use tax payers' money to line their own and shareholders' pockets
In "socialist" Europe companies only get government bailouts if they don't fire anybody. BTW this includes Nike EMEA in the Netherlands. No jobs lost there due to Dutch labour regulations, unions and workers' protection rights.

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Post ID: @OP+16gDMNx1

9 replies (most recent on top)

Whos to say the negotiating hasnt been in the works for several months now

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Post ID: @6ila+16gDMNx1

There will be plenty of cuts in EHQ, they have gone through significant re-orgs before, it just takes time to get the works council approvals. Unfortunately the nepotism and in-the-club versus not in-the-club culture will continue because it’s driven from the top. The HR line is all about team and culture while those things mean nothing in reality. It’s all a big con game to try and motivate and control people. HR are a big part of the problem perpetuating a fear based culture and protecting terrible senior leaders, there is simply no accountability. I truly feel for the hard working people who will be let go while the self serving snakes will likely remain. It’s all about politics, never about doing the right thing or being good at your job. So sad because Nike used to have a soul as a brand and as an internal organization. EHQ gets an F for leadership, HR accountability, employee empowerment, diversity, teamwork and positive culture.

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Post ID: @5flv+16gDMNx1

Layoffs are strictly business decisions so Nike will implement them where they will generate the most savings with the least cost and effort i.e. US.
Laying off FTEs in the Netherlands comes with massive monetary penalties, so it is simply not worth it to go through the same amount of cuts. All thanks to the works councils and trade unions aka socialism.

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Post ID: @dnm+16gDMNx1

If you think there will not be cuts in EMEA you are very much mistaken. They have to work through works councils and trade unions to agree the terms of the layoffs, but I’m pretty confident some orgs will downsize. Why would they not align 1 Geo with the rest of the business? Daft comment IMO

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Post ID: @djw+16gDMNx1

Nike EMEA gets massive tax credits from the Dutch government so it is a bit rich to say they are not getting any help. I am sure those tax credits come with conditions regarding number of employees.

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Post ID: @mzv+16gDMNx1

Nike didn’t receive any help from the Dutch government. So, it can lay off people.
The only limitation they have is that any company is obliged to negotiate the layoffs with the Employee unions and government Labor ministry (or whatever it’s called). And usually it takes several months. That’s why EMeA is on a different time-line vs the rest of the world.
So, stop spreading the disinformation.

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Post ID: @edy+16gDMNx1

Yeah, this could never happen in the Netherlands. Give it time and your countrymen and leaders will fail you too.

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Post ID: @url+16gDMNx1

Yep, we live in the nastiest country as far as labor protection laws are concerned and we work for the nastiest company as far as human right and decency are concerned. Basically, we are sh– out of luck.

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Post ID: @sjg+16gDMNx1

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