Taiwanese Footwear Giant Balks Compensation Ruling Despite Massive Profits

Phnom Penh – A Taiwanese owned company whose parent firm posted a more than half billion dollar profit last year has been refusing to pay compensation in line with an arbitration ruling to hundreds of Cambodian workers it made redundant.

Pou Yuen (Cambodia) Enterprise Ltd, which supplies Finnish sporting goods giant Amer Sports, gave workers zero notice when it closed its Phnom Penh factory in December last year.

It’s parent company, Yue Yuen Industrial (Holdings) Limited, is the biggest footwear manufacturer in the world, supplying the likes of Nike, Adidas, Reebok, ASICS, New Balance and Puma.

Read the full story: https://www.voanews.com/a/taiwan-shoe-company-and-cambodia-workers/4586044.html

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