US: Timberland lays off workers amid structural changes
Outdoor and action sports wear brand Timberland has confirmed to just-style that an unspecified number of employees have been laid off at its Stratham site amid ongoing changes to its organisational structure.
The changes come less than a year after the company was sold for $2.2bn to apparel and footwear giant VF Corp for $2.2bn, which also owns brands such as Wrangler, Nautica and The North Face.
"We are continuing to evolve our organisational structure so that it is better aligned with our long term growth and profit objectives," a spokesperson for the company said.
"Unfortunately, that resulted in hard choices about positions, and has impacted colleagues within the Timberland community.
"Over time, growing the business and adding new capabilities should actually result in more Timberland jobs being added in the coming years."
Timberland has 5,600 employees around the world, and operates stores throughout North America, Europe, Asia, Latin America, South Africa and the Middle East. No details were disclosed onthe type of jobs that are being lost.
Last month, VF raised its full-year earnings guidance on the back of strong first-quarter results. Revenues generated by Timberland helped lift sales by 31% to $2.5bn in the three months to 31 March, while net income increased 7.3% to US$215.2m.
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