TheJakartaPost
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Victory Chingluh Indonesia plans to lay off thousands of workers after reducing its workforce by 2,000 in March, but labor union group KASBI says workers are unfairly paying the consequences for an issue to do with production quality.
Nike said it would cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue, sending its shares up 11 percent in extended trading.
Following last year's massive layoffs in the textile industry, at least two Tangerang-based manufacturers of foreign footwear brands have laid off 3,500 workers due to a decline in orders, a local manpower official has said, with more due to be axed next year.
With FIFA projecting at least 5 billion TV viewers, the world's highest profile soccer event is a major opportunity for sports apparel makers marketing their jerseys, boots and other products with teams and individual players.
Nike said Thursday it parted ways with Neymar last year after the superstar Brazil attacker "refused to cooperate in a good faith investigation" as the company probed an employee's claim that he sexually assaulted her.
It started with a recently released music video that sees the 21-year-old of "Old Town Road" fame give the devil a lap dance, which resulted in the Grammy winner exchanging disses with a sitting US governor who took issue with the seductive clip and began tweeting Bible verses at him.
