Vietnam Workers End Strike

Vietnam Workers End Strike

Workers at a Vietnamese footwear factory ended a weeklong strike Thursday after the government agreed to their demands on retirement payouts. As reported the factory owned by Pou Yuen Vietnam makes footwear for brands such as Nike, Adidas, Lacoste, Converse and Reebok.

As many as 90,000 workers went on strike over a Vietnamese government pension-policy change. The new rules delayed 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.

An update on the strike from the Associated Press isĀ here.