UN­DER AR­MOUR CUT­TING 400 JOBS

Austin American-Statesman Sunday - - MONEY & MARKETS EXTRA -

Un­der Ar­mour will cut about 400 jobs as part of a re­struc­tur­ing that it an­nounced ear­lier this year.

The re­duc­tion rep­re­sents about 3 per­cent of its global work­force. The Bal­ti­more-based sports­wear com­pany be­gan stream­lin­ing last year af­ter its sales growth slowed.

The most re­cent round of cuts will be com­pleted by the end of March, the com­pany said this week.

Un­der Ar­mour said it now an­tic­i­pates re­struc­tur­ing-re­lated charges this year be­tween $200 mil­lion and $220 mil­lion. That's up from its prior pro­jec­tion of $190 mil­lion to $210 mil­lion.

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