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Yue Yuen counts financial cost of strikes

17/11/2014

Footwear manufacturer Yue Yuen has reported 6.8% increase in turnover to $5.9 billion for first three quarters of the year, but is counting the cost of workers’ strikes in May which contributed to a near 40% fall in profit. Around $90 million of this was due to of increased contributions to social insurance benefit and housing provident fund for...

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