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Reebok

Headquarters: 1895 JW Foster Blvd.
Canton, MA 02021
781 401-5000
Employees: 9,100
CEO: Paul Fireman
Subsidiary of Adidas
Website
: http://www.reebok.com

Career Page

Reebok is a leading worldwide designer, marketer and distributor of sports, fitness and casual footwear, apparel and equipment. 

A subsidiary of Germany's Adidas Group, the company operates under the Reebok, CCM, Jofa, and Koho brands.

Reebok was acquired by German athletic apparel company Adidas in 2006 for $3.8 billion.

History

Reebok's origins go back to 1895 when Joseph William Foster made running shoes with spikes in them. He formed a company called J.W. Foster and Sons which made shoes for top runners. The family-owned business made the shoes for athletes in the 1924 Summer Olympics.

In 1958, two of the founder's grandsons started a companion company that came to be known as Reebok, named for an African gazelle.

In 1979, Paul Fireman, a partner in an outdoor sporting goods distributorship, spotted Reebok shoes at an international trade show.  He negotiated for the North American distribution license and introduced three running shoes in the U.S. that year.  At $60, they were the most expensive running shoes on the market.

By 1981, Reebok's sales exceeded $1.5 million, but a dramatic move was planned for the next year.  In 1982, Reebok introduced the first athletic shoe designed especially for women; a shoe for a hot new fitness exercise called aerobic dance. The shoe was called the Freestyle, and with it Reebok anticipated and encouraged three major trends that transformed the athletic footwear industry: the aerobic exercise movement, the influx of women into sports and exercise and the acceptance of well-designed athletic footwear by adults for street and casual wear.

Reebok went public in 1985.

Reebok acquired the Hockey Company, a maker of hockey equipment and clothing, in 2004.

Benefits

The following summary describes the major features of the benefits, which are available at Reebok International, The Rockport Company LLC and Greg Norman Collection. Benefits are offered to all employees unless specified otherwise. Full-time employees are employees who work at least 30 hours per week.

MEDICAL INSURANCE (For New England except Connecticut: Blue Cross Blue Shield HMO, PPO Plus, and PPO Basic. For Non New England and Connecticut: United HealthCare PPO Plus and  PPO Basic)
Employees who work at least 20 hours per week are eligible to join our group medical plans after one month of employment. We currently offer three health plans (depending on your geographical location) so that you may choose the plan that best suits your needs. All of our plans have prescription drug coverage.

DENTAL INSURANCE (For both New England and Non New England: Delta Dental)
Employees who work at least 20 hours per week are eligible to join our group dental plan after one month of employment. We currently offer two dental options so that employees may choose the plan that best suits their needs.

GROUP LIFE INSURANCE & AD&D (Prudential)
Full-time employees. We currently offer $10,000, one times an employee's base pay or two times an employee's base pay; supplemental life up to $300,000. The maximum coverage for Life and AD&D are $500,000 each.

LONG-TERM DISABILITY (Prudential)
Full-time employees. Coverage begins on the 91st day of disability. We offer three different levels of coverage - 50%, 60% and 70% of base earnings.

SHORT-TERM DISABILITY
Full-time employees. Coverage equals 100% of base earnings for up to 90 days.

TRAVEL ACCIDENTAL DEATH & DISMEMBERMENT (American International Group)
Five times your annual salary to a maximum of $1,000,000. Coverage is free.

REEBOK EMPLOYEE STOCK PURCHASE PLAN
All Employees with six months of service may elect to participate in the Reebok Stock Purchase Plan.  Employees may contribute between 2% and 10% of their weekly earnings on an after-tax basis to buy stock at a special discount at the end of an option period.  Option periods begin on January 1 and July 1.

REEBOK SAVINGS AND PROFIT-SHARING RETIREMENT PLAN
All employees with three months of service (and over age 21) are eligible to participate in the 401(k) plan.  Under this plan, employees may contribute between 1% and 80% of pre-tax earnings, choosing how their contributions are invested.  To encourage participation, Reebok provides an employer matching contribution of 50 cents for each $1.00 saved by the employee, up to 10%. This matching contribution is vested over a five year period.  Unless employees call to decline participation or change their contribution percentage, all newly hired employees will be automatically enrolled at 2% and defaulted into the Stable Value Fund, after completing the eligibility requirements.
The Profit Sharing component is discretionary and is also vested over a five-year period. Employees must be employed with RIL for one year to be eligible to receive this discretionary contribution.

PAID VACATION
Twelve Vacation time is accrued on a monthly basis. Full-time employees accrue .833 days per month with a maximum of 10 days in a calendar year. In the calendar year in which employees celebrate their fifth anniversary, vacation is increased to three weeks, in the calendar year of their tenth anniversary, vacation is increased to four weeks per year and in the calendar year in which the employee celebrates their twentieth anniversary, vacation is increased to five weeks per year. Part-time employees working at least 20 hours per week accumulate vacation time on a pro-rated basis.

PAID SICK LEAVE
Full-time non-exempt (generally those paid on an hourly basis) employees accumulate ? day sick time per month for the year. Part-time non-exempt employees working at least 20 hours per week accumulate sick time on a pro-rated basis.

PAID HOLIDAYS
11 holidays are observed annually by Reebok International Ltd. Holidays typically observed by the Company include, but are not limited to: New Year's Day, Martin Luther King Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, Christmas Day. One floating holiday also provided.

EDUCATIONAL ASSISTANCE:
Full-time employees are immediately eligible for educational assistance. Undergraduate, graduate and continuing education classes must be pre-approved and must be both job related and required to enhance job performance. Reebok International Ltd. reimburses up to 100% of tuition costs, providing a "C" or better is earned. The maximum reimbursement for the calendar year is $10,000 for graduate programs and $5,250 for undergraduate programs, which includes books and materials.

DEPENDENT CARE AND MEDICAL CARE REIMBURSEMENT ACCOUNTS
Full-time employees may elect to defer pre-tax dollars to be used to reimburse qualified dependent care and medical care expenses.

LIFE BALANCE RESOURCES
Free to employees. A nationwide service designed to assist employees with information and resources to balance the demands of work and personal life including finding quality, near-site day care.

EMPLOYEE ASSISTANCE PROGRAM
Free to employees and their families. Confidential counseling on personal issues.

EMPLOYEE DISCOUNTS
Employees and their families are able to purchase quality Reebok, Greg Norman Collection, Rockport, and Ralph Lauren Footwear products at discount prices through the Employee Purchase Program. They receive a 40% discount on apparel and footwear products purchased at the company outlet stores, and a 50% discount at all concept stores.

FITNESS AND WELLNESS CENTERS
For a low price, employees at the Canton and Lancaster sites may access exercise classes, wellness activities and state-of-the-art equipment in our professional staffed fitness centers.

BUSINESS CASUAL ENVIRONMENT
Save the stiff, uncomfortable stuff for social events. Suits and ties are not required.

Updated January 17, 2007

 

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