NIKE, Inc. Restructuring Statement

NIKE, Inc. Restructuring Statement
14 May, 2009

BEAVERTON, Ore. (May 14, 2009) -- Today NIKE, Inc. announced the completion of its workforce review. As previously stated, NIKE, Inc. began a global workforce review in February in an effort to enhance its consumer focus, speed decision making and to create a stronger organizational structure for the future.

NIKE, Inc. will reduce its overall global workforce of nearly 35,000 by approximately five percent. Nike will eliminate approximately 500 jobs from its World Headquarters near Beaverton.

“Our new structure sharpens our consumer focus globally to drive continued growth while positioning NIKE, Inc. competitively in today’s marketplace,” said Mark Parker President and CEO, NIKE, Inc. “We remain a growth company and we know these changes have created a stronger organization that will enable us to invest in our most significant opportunities. However, the decision to reduce our workforce has been a difficult and challenging one as it affects our colleagues, teammates and friends.”

Departing employees will receive a robust and enhanced severance to help support their transition from the company. Over the next several weeks, the company expects to complete the majority of employee transitions.