VF Corp. has confirmed that 400 more employees will lose their jobs; the layoffs will take place throughout the Americas, Europe, and Asia regions.
SGI Europe reported in January that VF Corp. had started to conduct layoffs. Now a representative has said in an email to Footwear News, dated Thursday, May 1, that VF has been reorganizing selected commercial functions globally for the past several months, as as a part of its ongoing business turnaround.
“While these decisions are never easy, we are confident this work will result in a stronger foundation that supports the company’s growth and value creation objectives,” the representative added. “We’re committed to handling these changes with dignity and respect for all involved and want to thank those impacted through this process for their valued contributions to VF.”
