380 Jobs Cut at JanSport Appleton Facility
GREENVILLE, Wis. (WFRV) - The company who owns JanSport will be cutting about 380 jobs at their Appleton facility.
The announcement was made to WFRVTuesday morning.
The company says that they are selling the Licensed Sports Group business to Fanatics, Inc.
Because of this, about 380 jobs will be cut, and they will continue to employ 370 associates.
The company says that these impacted positions support various brands and businesses across the company, including our decoration operations and the JanSport Collegiate Licensed Apparel business.
\"For the employees leaving the company, we will assist them in their transition with severance packages and counsel from outplacement services,\" JanSport representative Vanessa McCutchen says.
The company released this statement to WFRV:
As you may know, last year VF announced that it was exploring ‘strategic alternatives’ for its Licensed Sports Group (LSG) business. Earlier today we announced that we entered into a definitive agreement to sell the LSG business to Fanatics, Inc. In conjunction with this effort, VF is also undergoing additional changes to empower its brands and businesses while aligning its organizational structure for future, sustainable growth.
Because of these fluctuations in our business, we have initiated some actions across parts of our operations at our VF Outdoor facility in Appleton. These actions include ceasing our apparel decoration operations at the VF Outdoor facility in Appleton later this year. This also includes our JanSport Collegiate Licensed Apparel business, which will be winding down business in the coming months.
We have no plans to close our VF Outdoor facility in Appleton. It will remain open and will continue to service VF’s Outdoor brands with accounting, finance, credit and customer service functions.
While we regret that these actions will impact associates and their families, we are confident that this is the right strategic direction for VF and will enable the company to refocus the composition of our portfolio for future growth.