Vietnam shoemaker to cut about 6,000 jobs on low demandAFP, HANOIOne of Vietnam’s largest shoe manufacturers for brands such as Nike Inc and Adidas AG would cut thousands of jobs at the end of next month, blaming a slump in orders, Vietnamese state media reported on Saturday. Employees work at a shoe factory in Hanoi, Vietnam, on Dec. 29, 2020. Photo: ReutersPouYuen Vietnam Co, a unit of Taiwan-based Pou Chen Corp (寶成工業), told local authorities that it would lay off almost 6,000 workers with permanent contracts from the end of next month, VNExpress reported. “This will be the biggest layoff since PouYuen started its operation in Ho Chi Minh City in 1996,” it said. RISING unemploymentMore than 630,000 workers lost their jobs or had their hours cut in Vietnam last year, the Vietnamese Ministry of Labor, Invalids and Social Affairs said.

Source: Taipei Times May 15, 2023 03:43 UTC