More changes are coming to VF Corp., which is doing some more belt tightening under chief executive officer Bracken Darrell.
“As part of VF’s new Reinvent strategy and with the aim of improving operational efficiency, we have eliminated approximately 500 salaried positions across the company globally,” a company spokesperson said in an emailed statement. VF has a workforce of about 33,000.
“While these decisions are never easy, they will give us the financial flexibility to invest behind our brands and better position us for long-term growth,” the spokesperson said. “We’re committed to handling this restructuring with dignity and respect for all involved and want to thank those impacted for their valued contributions to VF.”
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