Nike laying off 490 workers this month

PORTLAND, Ore. (AP) – Nike officials say the company will lay off 490 Oregon workers by the end of the month. 

The Oregonian/OregonLive reports (http://bit.ly/2eKXIWU ) the layoffs are part of the 2 percent of the workforce Nike plans to eliminate worldwide. In July, the Nike laid off 255 Oregon workers, and plans to cut another 490 local jobs by Sept. 30 for a total of 745 jobs lost in the state.

News of the layoffs comes months after Nike announced a broad restructuring of the footwear manufacturing company. Nike is the largest company headquartered in Oregon near Beaverton. It employs 74,000 people worldwide.