Strike Hits Vietnamese Footwear Factory

Strike Hits Vietnamese Footwear Factory

According to numerous reports, workers at a factory in southern Vietnam owned by Pou Yuen Vietnam, a footwear maker for brands such as Nike, Adidas, Lacoste, Converse and Reebok, have gone on a rare strike.

As many as 90,000 workers vowed to strike for a sixth day over a Vietnamese government pension-policy change. The new rules delay lump-sum social insurance payments until the workers retire instead of when they leave a company. Workers are concerned the money may not be available in the future. Strikes and protests are rare in communist Vietnam.

Pou Yuen is controlled by Yue Yuen Industrial Holdings Ltd, a subsidiary of Taiwan-listed Pou Chen Corp.

A Reuters article covering the strike isĀ here.