Pou Chen Corp, the world’s largest athletic footwear manufacturer, has told authorities that it will lay off 1,221 people on permanent contracts at its Ho Chi Minh City factory in Vietnam. Since the beginning of the year, Pou Chen has reduced the number of employees at the factory, which was founded in 1996, by about 8,000 people.
In India, on the other hand, Pou Chen reportedly plans to hire new employees. The subsidiary High Glory Footwear India is building a factory in the state of Tamil Nadu for around 280 million US dollars. The production site is expected to employ 20,000 people over the next twelve years.
