Taiwan’s Pou Chen, the world’s largest maker of branded athletic footwear, has announced layoffs for 5,744 workers at factories in Vietnam, according to multiple reports.
Pou Yuen Vietnam, the company’s branch in Vietnam, is the largest employer in Ho Chi Minh City, and the new layoffs represent 10 percent of the company’s workforce in Vietnam. Workers who will be let go will receive notice between June 24 and July 8, reported VN Express.
In February, Pou Yuen laid off 2,358 workers in Vietnam.
Photo courtesy CNA
