ONE of Vietnam’s largest shoe manufacturers for major brands such as Nike and Adidas will cut thousands of workers at the end of the month due to a slump in orders, according to local authorities.
PouYuen Vietnam, a unit of Taiwan-based Pou Chen Group, will lay off 3,000 factory workers and will not renew the contracts of 3,000 others because of “very few production orders in 2023”, according to a Ho Chi Minh City labour department document obtained by AFP today.