Yue Yuen Industrial Holdings

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Yue Yuen Industrial (Holdings) Limited
裕元工業集團有限公司
Type Listed company
Traded as SEHK551
Industry Athletic and casual footwear manufacturer
Founded 1991
Headquarters Hong Kong, Hong Kong
Area served Worldwide
Key people Chairman: Mr. Tsai Chi Neng
Parent Pou Chen Corporation
Subsidiaries Pou Sheng International
Website Yue Yuen Industrial Holdings Limited

Yue Yuen Industrial Holdings Limited is a Taiwanese footwear manufacturer headquartered in Hong Kong and established by its Taiwanese 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]

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

In April 2014 40'000 workers were protesting the companies failure to pay the full social security and house renting contribution. 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 pay 250 yuan per month and employee too little. The average salary at Yue Yuen is 3000 Yuan per month. This practice was in place for nearly 20 years. With 70'000 employees this would amount to 280 Mio Yuan. [3][4][5]

External links[edit]

References[edit]

  1. ^ Yue Yuen Industrial Holdings Limited - Corporate Profile
  2. ^ HANG SENG INDEXES ANNOUNCES INDEX REVIEW RESULTS
  3. ^ More than ten thousand workers stage strike at massive Dongguan shoe factory, 2014-04-14
  4. ^ Yue Yuen shoe factory workers' strike at Dongguan plants continues, 2014-04-17.
  5. ^ Yue Yuen strikers vow to continue until benefit contribution deficit paid in full,