RUNNING OUT OF STEAM: The world’s top athletic shoes maker said that it still needs the consent of its workers’ union as well as the government to make a final decision
Taipei Times
Date: Apr 22, 2020
By: Crystal Hsu / Staff reporter
New Balance shoes are worn by the Los Angeles Clippers’ Kawhi Leonard during the second half of a game against the Cleveland Cavaliers at Staples Center in Los Angeles on Jan. 14.
Photo: AFP
The Taichung-based company — whose clients include Nike Inc, Adidas AG, Puma AG, New Balance Athletic Shoe Inc and Timberland Co — is contemplating temporary pay cuts of 10 percent, furloughs and other cost-saving measures that would affect 3,000 employees in Taiwan and officials based in overseas factories.
Pou Chen spokesman Ho Ming-kun (何明坤) told reporters that the firm has not made a final decision, as it requires the consent of its workers’ union and the government.
The 51-year-old company is seeking to furlough employees for six days per month for three months, which might be extended depending on how the pandemic pans out, Ho said. [FULL STORY]
