Washington, June 30 (ANI): Nike is slashing on its international workforce in an aim to cut down on labour costs.
However, the move by the American sportswear giant could even be to cut down on criticism over the way it treats its workers.
According to the Huffington Post, Don Blair, Nike's chief financial officer, said the company is engineering the labour out of some of its products by replacing workers with technology.
On the contrary, as recently as 2011 Nike faced allegations of employee abuse and unfair wages in Indonesia.
It is not just international workers who are suffering in corporations' drive for profits. Earlier this month, U.S. workers suffered their biggest pay drop on record, even as corporate profits have soared, the report added. (ANI)