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Nike, Inc. has been accused of using sweatshops and worker abuse to produce footwear and apparel in East Asia. After rising prices and the increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in countries elsewhere in Asia, which includes parts of India, Pakistan, and Indonesia. [1][2] It sub-contracted factories ...
The Foxconn suicides were a spate of suicides linked to low pay and brutal working conditions at the Foxconn City industrial park in Shenzhen, China, that occurred alongside several additional suicides at various other Foxconn -owned locations and facilities in mainland China. [1] The series of suicides drew media attention, and employment ...
The results are about what you would expect. Earlier this year, more than 2,000 Burmese workers marched in protest outside a factory producing for E-Land, the South Korean-owned conglomerate that is now the largest women’s-apparel retailer in China. The workers were demanding a raise from $1 per day.
Yue Yuen Industrial (Holdings) Limited is a Taiwanese footwear manufacturer headquartered in Hong Kong and established by its Taiwanese [1] parent company, Pou Chen Group. It is the largest branded athletic and casual footwear manufacturer in the world. It is an original equipment manufacturer (OEM) and original design manufacturer (ODM) for ...
March 25, 2022 at 12:25 PM. Nike earnings: ‘Sales in China still have issues,’ analyst says. Williams Trading Senior Equity Analyst Sam Poser joins Yahoo Finance Live to discuss Nike's latest ...
Nike reportedly lobbied against a 2020 bill aimed at banning imported goods made by forced labor.The bill — called the Uyghur Forced Labor Prevention Act — focused on the Xinjiang region of China.
It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. [ 6 ][ 7 ] The company was founded on January 25, 1964, as "Blue Ribbon Sports", by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on May 30, 1971.
For instance, Nike moved its manufacturing to China in the early 1980s. Indeed, taking manufacturing overseas did lower costs, but this decadeslong shift also resulted in a decline in the total ...