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Nike can withdraw its production from China
The head of Nike, Mark Parker, said that a company that sews sportswear and footwear is considering withdrawing production from China in connection with major strikes at the supplier plant.
Thousands of shoe factory workers staged one of the largest strikes in China at the beginning of the month on the company because of working conditions at Yue Yuen Industrial Holdings, whose shares are traded on the Hong Kong Stock Exchange, and the total cost of which is estimated at $ 5,6 billion. The company produces shoes for Nike Inc. , Adidas and other international brands.
Most workers have already returned to work after the company agreed to some of their demands.
“So far we are not breaking off relations, but we are pretty close to it and could do it,” - said Parker at Boston College.
He added that Nike is in close contact with Yue Yuen and the staff to find out if the working conditions of the standards set by Nike violate working conditions, but so far the company has not taken a certain position.
Workers Yue Yuen announced 14 April strike in the southern city of Dongguan. The activists said that this was one of the biggest workers' strikes, since market reforms began at the end of the 1970-ies.
Workers are dissatisfied with the fact that the company was not spent on their social insurance. By the end of last week, about 80% of the workforce returned to work, reports Yue Yuen.