VF Corp.’s jeanswear coalition and an IT services unit have eliminated a “small” number of white-collar positions in the company’s Greensboro, N.C., headquarters and its offices in Merriam, Kan., where the firm’s Lee brand is based.
VF declined to divulge the exact number of employees laid off, but said some of the affected personnel learned the news last week and others earlier this week. In a statement, the $7.22 billion company noted, “Although VF is strong financially and our business and brands are healthy, the external environment is extremely difficult and expected to remain so for 2009. Like many other companies, several of our business units are responding by taking action to reduce costs. These moves, while extremely difficult, are aimed at reducing operating expenses to better position us for success in the coming year and beyond.”
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