Adidas Completes Share Buyback Program, Cuts Costs

2008-10-29T00:00:00

The Three Stripes is taking steps to rein in corporate spending, according to an internal memo obtained by The Oregonian, an American newspaper. Adidas is imposing a hiring freeze, eliminating external meetings, consultants and seminars, and pushing to slash travel expenses by 15 percent for the 2009 fiscal year. Herbert ...

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