Tags: nike | jobs | obama | trade

Nike Pledges 10,000 Jobs If Trans-Pacific Trade Deal Passes

Friday, 08 May 2015 08:04 AM

Nike is pledging to create 10,000 jobs over 10 years in the U.S. if Congress gives President Barack Obama trade negotiating authority that ultimately leads to a 12-country Trans-Pacific free commerce agreement.

The giant athletic wear company is announcing the commitment Friday as Obama visits Nike headquarters in Oregon to pitch his trade agenda.

The company says a Trans-Pacific trade deal would allow it to benefit from lower tariffs on shoes and speed up company investments in footwear manufacturing in the U.S.

The 10,000 jobs would be a small fraction of the workforce Nike relies on in contract factories overseas. Of Nike's slightly more than 1 million factory contract workers, more than 90 percent are in Asia. The largest number is in Vietnam, a party to the Trans-Pacific talks.

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Nike is pledging to create 10,000 jobs over 10 years in the U.S. if Congress gives President Barack Obama trade negotiating authority that ultimately leads to a 12-country Trans-Pacific free commerce agreement.The giant athletic wear company is announcing the commitment...
nike, jobs, obama, trade
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2015-04-08
Friday, 08 May 2015 08:04 AM
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