Yue Yuen Industrial Holdings Limited (SEHK: 551) is the footwear manufacturer headquartered in Hong Kong and established by its Taiwanese parent company, ...
most attractive places to do manufacturing. It's a combination of people who are skillful and a good work force that is diligent and competent, and also wage levels that are competitive compared to the rest of Asia," Jerry Shum, a spokesman for Yue Yuen Industrial Holdings Ltd, told Reuters on Monday.
Date: May 19, 2014
Category: World
Source: Google
Foreign manufacturers maintain faith in Vietnam despite riots
tractive places to do manufacturing. Its a combination of people who are skillful and a good work force that is diligent and competent, and also wage levels that are competitive compared to the rest of Asia, Mr Jerry Shum, a spokesman for Yue Yuen Industrial Holdings, told Reuters on Monday.
Date: May 19, 2014
Category: World
Source: Google
Factories Torched in Anti-China Protest in Vietnam
Taiwanese-owned athletic shoe manufacturer Yue Yuen, which makes shoes for Nike, Adidas and Reebok, said it had closed its three complexes close to Ho Chi Minh City as a precautionary measure. "We believe that this should be solved very soon, that somehow ultimately it will be up to the government a
Date: May 14, 2014
Category: Business
Source: Google
No Solution in Sight for China Shoe Factory Strike
The on-off work stoppage at Yue Yuen Industrial (Holdings) Ltd.'s massive factory complex in southern China, which employs more than 40,000 workers, has stretched into the second week as both sides have failed to reach an agreement.Another, smaller Yue Yuen plant in Jiangxi province was hit by a brief strike on Monday that also centered on social security payments but for the opposite reason. Liu said workers slowed production because they didn't want to make full payments, which would leave them with less take-home pay. The dLabor activist Chen Huihai said workers are demanding that Yue Yuen in addition to paying its share of missed social security contributions shoulder most or all of the employees' missed payments to make up for breaking the rules.Li Qiang of New York-based China Labor Watch said calculations by Yue Yuen workers show the $37 monthly allowance is not enough to make up for the full contributions required for the social security and housing programs.
Date: Apr 22, 2014
Category: Business
Source: Google
Strike spreads at Chinese supplier to Adidas and Nike
About 2,000 workers clocked in on Monday, but did not work at the Yue Yuen factory complex in Jiangxi province, southern China, joining at least 10,000 employees at another Yue Yuen factory complex in Dongguan, Guangdong province, who have been on strike since 14 April.Yue Yuen's spokesman George Liu told Chinese media that the firm had offered to raise workers' living allowance at its southern Chinese factories by 230 yuan (22) a month, beginning on 1 May. It also promised to introduce a social security benefit plan next month. On Tuesday, Yue Yuen's management The government of Guobao, the city in which the factory complex in Jiangxi province is located, has urged Yue Yuen to assuage the workers' concerns without bending the law. "Company and worker representatives are urged to strengthen communication and consultation ... and guide the rational expressio
Date: Apr 22, 2014
Category: Business
Source: Google
Strike at Nike, Adidas China supplier halts output
The stoppage at Yue Yuen Industrial Holdings Ltd., shoemaker for sportswear brands including Nike, Adidas, and Asics, continued Friday while Yue Yuen communicates with workers about an offer to increase the social security benefit starting May 1, said George Liu, a spokesman for the Hong Kong-based E-mails to Greg Rossiter, a spokesman for Nike, Friday were not immediately returned. Adidas and Nike reiterated Thursday that they are monitoring the strike and encouraging dialog between the workers and Yue Yuen management.
Date: Apr 19, 2014
Category: Business
Source: Google
China eases policy with reserve 'cut' for rural lenders – report
shoes, while a government trade union said it would mediate the labor dispute. More than 40,000 workers went on strike this week against Yue Yuen Industrial (Holdings) Ltd, bringing production to a halt at the manufacturer, which makes shoes for companies including Nike and Adidas. About 1,000 worke
Date: Apr 19, 2014
Category: Business
Source: Google
Chinese trade group to mediate shoe factory strike
Management of Yue Yuen could not immediately be reached for comment, but in a public announcement Thursday, the company offered to make social security payments only if the workers would agree to retroactively pay their own required contributions into the fund. It said those refusing to return to wo"Comparatively speaking, Yue Yuen offers some of the best benefits among local companies," Zhang said. "If their workers should get their demands met, could it be the last straw for Yue Yuen to relocate overseas? They already are under pressure with rising labor costs in China, an issue faced by tho