Biting the bullet
Flagging demand has compelled manufacturers to reduce their production and workforce. Shoe manufacturer PouYuen, which makes sneakers for global brands like Nike and Adidas, is reportedly set to cut nearly 6,000 jobs in HCMC. Working amidst worries According to a leader of PouYuen Vietnam Group,
Some 20,000 PouYuen workers take paid leave amid order shortfall
HCMC – A fall in new orders has forced PouYuen Vietnam, a major footwear manufacturer of Taiwan, to require 20,000 of its employees to take paid leave in rotation for three months, according to the HCMC Labor Confederation. As explained by the most labor-intensive firm in HCMC, the firm’s major
Order shortfall raises concerns among businesses
HCMC – HCMC, the nation’s economic center, has seen 51 producers in 17 processing zones and industrial parks reporting an order shortfall, which has forced many of them to resort to mass layoffs. According to the authority of the processing zones and industrial parks in HCMC, 51 businesses with