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Vietnam shoemaker for Nike, Adidas to slash 6,000 jobs: Reports

  • According to sources, Taiwan's Pou Chen, the world's largest manufacturer of branded sports and casual shoes, may lose 6,000 positions at a Vietnam plant due to weak demand.
  • The officials, who were not authorised to speak to reporters, said the Pouyuen Vietnam factory will lose 3,000 positions this month and not renew 3,000 more later this year.
  • The Pouyen Vietnam plant provides Nike Inc. (NKE.N) and Adidas AG (ADSGn.DE) and employs 50,500 people, making it one of the largest employers in Ho Chi Minh City.

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