Russell Corp to axe 2,300 jobs, restructuring may cost $52mn
20 Jan '06
2 min read
Ward added, "We continue to feel positive about our long-term strategic direction that certainly is supported by the implementation of the restructuring plans announced today."
Larger manufacturing facilities will be more efficient, creating lower- cost operations, which are expected to increase the company's gross margins. Coupled with overhead reductions from eliminations in certain support areas, these improvements should lead to higher operating margins, while allowing for a greater investment in building the company's brands long-term.
Russell Corporation is a leading branded athletic and sporting goods company marketing athletic apparel, uniforms, footwear and equipment for a wide variety of sports, outdoor and fitness activities.
The company's major brands include Russell Athletic(R), JERZEES(R), Spalding(R), Brooks(R), Huffy Sports(R), Bike(R), Moving Comfort(R), AAI(R) and Mossy Oak(R).
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