Vietnam shoe maker for Nike, Adidas to cut 6,000 jobs ...Middle East

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Vietnam shoe maker for Nike, Adidas to cut 6,000 jobs
HANOI: One of Vietnam's largest shoe manufacturers for major brands such as Nike and Adidas will cut thousands of workers at the end of the month due to a slump in orders, according to local authorities.PouYuen Vietnam, a unit of Taiwan-based Pou Chen Group, will lay off 3,000 factory workers and will not renew the contracts of 3,000 others because of “very few production orders in 2023”, according to a Ho Chi Minh City labour department document obtained by AFP on Monday.Vietnam, one of the world's largest exporters of clothing, footwear and furniture, has been badly affected by the cost-of-living crisis in major markets in Europe and the United States, with the buying power of worldwide co

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