Levi Strauss Eliminating 800 Jobs to Cut Costs

Levi Strauss & Co., the San Francisco apparel company best known for its denim clothing, said it will remove 800 jobs as part of an effort to cut $175 million to $200 million in costs. The so-called global productivity initiative will roll out over the next 12 months to 18 months, the company said Wednesday. The first phase is expected to result in $75 million to $100 million in savings, the company said. The job cuts, which will affect 20% of Levi's non-retail and non-manufacturing employee base