According to Nike's documents submitted to the US Securities and Exchange Commission, the company's board of directors has approved a multi-year corporate restructuring project, which is expected to generate 1 billion US dollars in pre-tax expenses and another 300 million US dollars in layoffs and severance costs.

According to Nike's documents submitted to the US Securities and Exchange Commission, the company's board of directors has approved a multi-year corporate restructuring project, which is expected to generate 1 billion US dollars in pre-tax expenses and another 300 million US dollars in layoffs and severance costs.