adidas Plans to Close adidas Running/Runtastic Starting Monday
Key Facts:
- All employees are required to report to the office in either Vienna or Pasching on Monday, September 16th, at 9:30 a.m.
- The planned rebranding to "Adidas International Digital Sports GmbH," initially set for April 1st, has been postponed indefinitely.
Rumours and Speculations:
- The newly established works council held a meeting with the Runtastic CEO on Thursday, where confidentiality agreements (NDAs) were involved.
- Numerous employees, from managers to team members, have been asked to sign NDAs recently.
- A significant restructuring of the digital division has been announced.
- A phased approach to shutting down operations is expected, which may take place over several months.
Estimates suggest a 70-80% likelihood of closure beginning Monday, with a complete settlement expected by September 2025.
*Source: [Reddit post on r/Austria](https://www.reddit.com/r/Austria/s/6Zzr6VlRgQ)