Yue_Yuen_Industrial_Holdings

Yue Yuen Industrial Holdings

Yue Yuen Industrial Holdings

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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 major international brand name companies such as Nike, Crocs, Adidas, Reebok, Asics, New Balance, Puma, Timberland and Rockport.[1]

Quick Facts Company type, Traded as ...

It was one of the Hang Seng Index Constituent Stocks (bluechip) in the Hong Kong Stock Exchange.[2] But after 8 June 2009, it was removed from blue chip.[3]

In April 2014 40,000 workers were protesting the company's failure to pay the full social security and house renting contribution.[4] The protests were triggered by a staff member who worked for 18 years at Yue Yuen did not get her full pension. The company did not pay 250 yuan per month to the employee that they should have.[5][6] All companies are supposed under Chinese law to pay full mandatory social insurance for workers – including pensions, medical insurance, housing allowances and injury compensation.

In 2019, the Huffington Post claimed "Yue Yuen, the Foxconn of footwear, makes one-fifth of all the shoes in the world."[7]

References

  1. [1]
    Yue Yuen Industrial Holdings Limited - Corporate Profile Archived April 7, 2008, at the Wayback Machine
  2. [2]
    "Bluechip App". bluechip1.in. 2022-08-13. Retrieved 2022-10-18.
  3. [3]
    HANG SENG INDEXES ANNOUNCES INDEX REVIEW RESULTS
  4. [4]
    "Massive strike by footwear workers in Dongguan". China Worker. 2014-04-16. Retrieved 2022-10-18.
  5. [5]
    More than ten thousand stage strike at massive Dongguan shoe factory, 2014-04-14
  6. [6]
    Yue Yuen shoe factory workers' strike at Dongguan plants continues, 2014-04-17.
  7. [7]
    Hobbes, Michael. "Why It's Impossible To Shop Ethically". The Huffington Post. Retrieved 2023-05-20.


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