Nike Faces Federal Probe Over Allegations of Racial Bias Against Caucasian Employees
Deep News
Feb 06
Nike (NKE) shares declined 2.5% in late trading on Thursday, following a disclosure by a U.S. federal labor rights agency that it is investigating the sportswear giant over claims its diversity initiatives discriminated against white employees. The Equal Employment Opportunity Commission revealed the probe in a motion filed with a federal court in Missouri, demanding that Nike fully comply with its subpoena for information. According to court documents, the EEOC is seeking details on Nike's criteria for layoff selections, how the company tracks employee racial data, and specifics about mentorship programs, leadership training, and career development initiatives that allegedly restricted participation based on race.
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