Nike factory announced
Furloughed 42,000 workers
On August 6, the grassroots union of Changshin Vietnam Co., Ltd., one of Nike's main shoe manufacturers in Vietnam, announced:
The Executive Committee of the union has agreed with the board of directors of the company to organize a group outing for all employees of the three factories located in the Yongju District, Long Thanh and Tan Phu districts in Bac Ninh province.
More than 42,000 employees are expected to travel in batches to Dalat City in Lam Tong Province for a three-day, two-night trip.
Given the large number of participants, the campaign will be conducted in phases, with the first phase scheduled to be implemented from September to December 2024.
Mr Dang Tuan Tu, Chairman of the Grassroots Union of Changxin Limited, said the annual event was designed to encourage union members and provide an opportunity for hard-working employees to rest and relax. In the past few years, unions have organized trips for employees to places such as Vouton and Fanche.
The average monthly salary of Changxin Vietnam is more than VND 10.6 million/person.
Source: Multiple media
Photo: Screenshot of the report
About 99 percent of the company's employees are union members. In addition to its plant in Yongju District, the company also has factories in Loc An-Binh Son Industrial Park in Long Thanh District as well as Tan Phu Industrial Park in Thanh District.
Special step three years in a row
Morgan Stanley Capital International (MSCI), the world's leading index provider, has released its latest Environmental, Social and Governance (ESG) ratings.
Xtep International Holdings Limited (1368.HK) has been upgraded to A in the MSCI ESG rating, becoming the first company in China's sporting goods industry to receive an MSCI ESG A rating.
The MSCI ESG rating system is widely recognized by global investment institutions.
In 2022, XTEP won the MSCI ESG rating of "BB" for the first time, in 2023, the rating was upgraded to "BBB", and in 2024, it was upgraded again to "A", excellent progress for the first time in China's sporting goods industry.
Italian fashion house C.P. Company
China's first store opened in Shanghai
Italian fashion brand C.P. Company has opened its first flagship store in China. The store is located in Rui Ou Department Store in Shanghai, which covers an area of more than 97 square meters and sells clothing, goggles and jackets.
C.P. Company, best known for pioneering clothing dyeing techniques in the 1970s before being acquired by Tri-State Holdings in 2015, now has 10 flagship stores around the world and plans to open stores in Beijing, Shenzhen and other places this year.
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