German sportswear giant Adidas, on Monday, said its group firm Reebok India would offer a voluntary retirement scheme to employees as part of a restructuring exercise in the company, which has been allegedly hit by a Rs.870-crore fraud by two former top executives.
The Indian arm, Adidas India, is also consolidating supply chain by combining vendors for both the brands in India, apart from streamlining franchisees for Reebok India.
“We are looking for a fresh start of Reebok India by 2013, and, as a part of it, we are offering voluntary retirement scheme (VRS) to all the staff of the company,” Adidas Group, Managing Director (Market India), Claus Heckerott told PTI.
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Reebok India has 200 employees, and the VRS would be offered till the end of this month, he added.
“This offer is across the board of all employees, there are very good talent among them. We want to help them move on while we look forward to a new beginning under a new business model,” Heckerott said.
Apart from the VRS, he said Reebok India was also streamlining its stores.
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