6/9/2020, 9:15 PM (Source: TeleTrader)
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Chart for: ADIDAS AG NA O.N.

Adidas to hire more black, Latino workers

Adidas AG said on Tuesday it will take action to "combat forces that sustain racism" within the company, following the criticism from the part of its employees in the United States who said the company's internal policies were not in line with the messages condemning racism.

Adidas said a minimum of 30% of all new positions in the US in the company will be filled with black and Latino people. Also, it will invest $20 million in black communities over the next four years and finance 50 university scholarships for black students each year over the next five years.

"We have had to look inward to ourselves as individuals and our organization and reflect on systems that disadvantage and silence Black individuals and communities”, Adidas CEO Kasper Rorsted said.

Baha Breaking News (BBN) / SR