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Levi Strauss & Co.
Levi Strauss eliminating 800 jobs to cut costs
Levi Strauss eliminating 800 jobs to cut costs

Levi Strauss & Co., the San Francisco apparel company best known for its denim clothing, said it will remove 800 jobs as part of an effort to cut $175 million to $200 million in costs. The so-called global productivity initiative will roll out over the next 12 to 18 months, the company said Wednesday. The first phase is expected to result in $75 million to $100 million in savings, the company said. The job cuts, which will affect 20% of Levi’s non-retail and non-manufacturing employee base, are to occur during the period. The privately held company said it is planning to scale back its management bureaucracy and consolidate recurring positions. “These changes will make us...

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