Pou Chen continues to lay off workers at a factory in Vietnam
05.09.2023 4389

Pou Chen continues to lay off workers at a factory in Vietnam

Shoe factory Baoyuan Vietnam, run by Yue Yuen, a subsidiary of Taiwan's major shoe holding Pou Chen Corp, laid off 1 workers at the end of August. Since the beginning of 221, about 2023 jobs have been cut, writes Worldfootwear.com.

The reason for these successive layoffs remains a decline in orders due to reduced consumption in Western markets, forcing companies to make adjustments to the operation of their production facilities. In February and May, Baoyuan Vietnam has already cut more than 2 and 300 permanent jobs, and almost 5 temporary workers have not renewed their contracts. As before, laid-off employees were paid compensation in the amount of 744% of the last salary received for each year of work.

Pou Chen Corporation is the largest manufacturer of branded sports and casual footwear in the world. Its factories produce sports shoes for brands such as adidas, Nike and Reebok. The production capacities of the group's enterprises allow the production of more than 300 million pairs of shoes per year.

In the first quarter of the year, Vietnam produced 33% of Pou Chen Corp's shoes, making it the world's second-largest sports, casual and outdoor footwear manufacturing hub, according to The Investor newspaper.

Shoe factory Baoyuan Vietnam, run by Yue Yuen, a subsidiary of Taiwan's major shoe holding Pou Chen Corp, laid off 1 workers at the end of August. Since the beginning of 221…
5
1
Rating

Latest News

Bank of America analysts predict a decline in consumer interest in sneakers.

Bank of America analysts predict a decline in interest in athletic styles in fashion and a drop in demand for sneakers, which have been the most popular footwear worldwide for the past several years. These findings were published in a report…
15.01.2026 194

Luxury department store chain Saks Fifth Avenue has gone bankrupt in the US.

One of the leading players in the global luxury goods market, the American department store chain Saks Fifth Avenue, has gone bankrupt. Global Saks, which operates the oldest department store chain, Saks Fifth Avenue (42 stores), a luxury chain…
15.01.2026 230

The Pikolinos Group has appointed Francisco Sanchez as CEO.

The Spanish Pikolinos group announced the appointment of Francisco Sánchez as CEO. The appointment marks a new stage in the group's business development, which owns the Pikolinos and Martinelli footwear brands, and a new strategic plan…
14.01.2026 317

Camper Creative Director Achille Ion Gabriel is leaving his post.

Camper announced the departure of Achilles Ion Gabriel, the brand's creative director, who held the position since 2019. The creative team will now lead the creative direction of Camper and CamperLab.
14.01.2026 330

During the holidays, traffic in shopping centers in Russia was lower than last year.

Holiday traffic at shopping centers in Russia was 16-18% lower than during last year's New Year's holidays. The last week of 2025 saw an increase of approximately 20% compared to the weekly average…
14.01.2026 402
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning