Taiwanese footwear manufacturer Pou Chen Group (寶成集團) yesterday said that the company has decided to cancel a new raft of reward-and-punishment measures for Vietnamese workers at a production base in Dong Nai Province, amid an ongoing strike.
The company is one of the largest contract footwear manufacturers in the world, with clients such as Nike, Adidas, Reebok, Asics, Under Armour, New Balance, Puma, Converse, Salomon and Timberland.
Pou Chen said the strike is not expected to have any material impact on its production.
The company said it has also agreed to provide wages during the strike period, hoping workers would return to the production line today.
The strike started at a plant in Bien Hoa City, the capital of Dong Nai Province in southern Vietnam, on Thursday afternoon.
Foreign media outlets reported that about 17,000 employees out of about 21,600 workers at the plant went on strike over new company policies that cut their salaries for missing work.
Missing work with permission could also result in a loss of monetary rewards, according to reports in Vietnamese media outlets.
Pou Chen said it has been trying to deal with the issue by improving communications with the workers on strike and hoped to resolve the incident as soon as possible.
It was not the first time that the company faced a strike in Vietnam.
In March last year, thousands of workers went on strike at four factories employing more than 90,000 people over the Vietnamese government’s new pension rules.
Pou Chen set up production facilities for its footwear business in Dong Nai in 1994 and operates other production bases in Ho Chi Minh City, Tay Ninh and Tien Giang. The group employs about 160,000 workers in Vietnam.
Vietnam is just one of Pou Chen’s many production sites around the world. It also operates factories in Taiwan, China, Indonesia, the US, Mexico and other areas in Asia.
Pou Chen produces more than 300 million pairs of shoes per year, according to the company’s Web site. The group accounts for about 20 percent of the entire wholesale value of the global branded athletic and casual footwear market.
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
The US said it plans to help build a first-of-its-kind industrial hub in the Philippines to boost production of inputs crucial to US supply chains. The 4,000-acre hub is intended to be “a purpose-built platform for allied manufacturing” and “an investment acceleration hub where the specific industrial activities are shaped by market demand,” the US Department of State said on Thursday. The project — touted as an “economic security zone” — would be within the Luzon Economic Corridor, a flagship economic project backed by the US and Japan on the main Philippine island. The project was also described as “the first artificial intelligence