Pou Chen Plans Second Round of Vietnam Layoffs
The Taiwanese parent of Yue Yuen and supplier to Nike, Adidas and Reebok announced additional layoffs in Vietnam, aiming to let go 5,744 workers there between June 24 and July 8, according to state media reports. The 10% workforce reduction by PouYuen Vietnam, Pou Chen’s local subsidiary, comes after a 2,358 workers reduction in Feb. as orders from Western firms have declined as they face bloated inventories and macro headwinds. Reuters reported at that time that ... Log in to view full article.
