Pou Yuen Vietnam lets go of another 6,000 worker - sportstextiles: Lea SportsTextiles

News

Pou Yuen Vietnam lets go of another 6,000 workers

18/05/2023
Further to the news, made public earlier this year, that Taiwanese athletic footwear manufacturing group Pou Chen would be reducing its Pou Yuen Vietnam factory workforce by approximately 6,000 people, local media have now reported that the facility will next lay off nearly 6,000 permanent employees, beginning the end of June.

Prior to February’s job cuts, which involved around 3,000 permanent members of staff and 3,000 temporary contractors, the number of individuals employed at Pou Yuen Vietnam was in the region of 50,000.

According to online outlet VnExpress, which has ties to the Vietnamese state, a decline in orders due to diminished global spending power, particularly in Europe and the US, had triggered what the publication called “the biggest lay-off since Pou Yuen started its operation in Ho Chi Minh City in 1996”.

The plant is known to supply major sports shoe brands, including Nike and adidas. 

Related stories:

Yue Yuen impresses at investor awards 11/07/2024
Nike to cut 2% of workforce at headquarters 29/04/2024
Vietnam: shoe manufacturers must invest in ‘greener’ factories 03/08/2023
Nike revenues grew another 10% in fiscal 2023 30/06/2023
Messe Frankfurt, Vietrade to launch Vietnam fair next year 12/06/2023
Patagonia inspires big changes at YKK Vietnam 26/05/2023
Step forward for adidas Yeezy inventory 23/05/2023
Softer demand and high inventory hurt Yue Yuen 10/05/2023
Solid global demand for athletic shoes boosts Yue Yuen 16/03/2023
Biopolymer supplier agrees exclusive Cirql partnership with OrthoLite 13/03/2023
Carbon footprint verification for foam manufacturer 01/03/2023
Pou Chen to let go of 6,000 Vietnam workers 22/02/2023
Founder prepares to visit OrthoLite’s Cirql division in Vietnam 21/02/2023

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.