Under Armour slashes 400 more jobs

Sportswear maker Under Armour will eliminate 400 more jobs as part of a restructuring plan announced Sept. 20.

Under Armour is deepening its cost-cutting efforts amid increasing competition from Nike, according to Reuters.

The Baltimore-based sportswear maker cut 277 jobs last year. Under Armour anticipates restructuring plans rolled out in 2017 and 2018 will produce at least $75 million in savings annually starting in 2019, the company said in February.

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