HANOI -Taiwan’s Pou Chen Corp, the world’s largest maker of branded sports footwear, plans to cut around 6,000 jobs at its Ho Chi Minh City plant in Vietnam due to weak demand, two local officials familiar with the company’s plans said on Tuesday.
The firm’s Pouyuen Vietnam factory will cut 3,000 jobs this month and not extend labor contracts for another 3,000 workers later this year, the officials said, declining to be identified because they were not authorized to speak to media.
The Pouyen Vietnam factory supplies global companies such as Nike Inc. and Adidas AG and is one the biggest employers in Ho Chi Minh City, with 50,500 workers.
Pou Chen said the Vietnam factory planne…
Keep on reading: Nike, Adidas shoes supplier Pou Chen to slash 6,000 jobs in Vietnam -sources