Posted 4 years ago on April 27, 2014, 11:03 a.m. EST by shoozTroll
This content is user submitted and not an official statement
60,000 or so workers in China, who make shoes for not one, but several BIG names in expensive, exclusive "tennis shoes", are on strike over horribly foreshortened pay and benefits.
So much for those "exclusive shoes, eh?
"Tens of thousands of workers at one of the world’s largest shoe manufacturers are continuing a strike in the southern Chinese city of Dongguan in a dispute over benefits.
Employees of Yue Yuen Industrial accuse the company of failing to match monthly contributions for social insurance and housing benefits workers say they were promised. The company, which makes shoes for major sportswear companies including Adidas, Nike, Converse and New Balance, had sales of $7.58 billion in 2013. In 2012, it said it had more than 400,000 employees in China, Vietnam and Indonesia. About 60,000 work in its factories in Dongguan.'
Adidas, not wanting to lose one penny of profit, moves it's manufacturing to some other unnamed where they can continue to enjoy horribly foreshortened , pay and benefits to other, more desperate workers.
Can't let those poor, underpaid investors suffer, over people who actually work for a living. After all, they "invested" in a brand.