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Archive for Friday, November 30, 2007

10,000 workers strike at Nike shoe plant

November 30, 2007

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More than 10,000 workers walked off the job at a plant that makes shoes for Nike, demanding higher pay to keep pace with rising prices in Vietnam, officials said Thursday.

The Tae Kwang Vina plant, in southern Dong Nai province, is one of 10 that contracts with Nike to produce shoes in Vietnam.

The average monthly salary at the plant, which makes shoes solely for Nike, is 1 million Vietnamese dong, or $62. That's about 20 percent more than Vietnam's minimum wage.

But with the country's 9.5 percent inflation rate eroding their earnings, the workers are demanding higher pay, bonuses and cost-of-living allowances, said Kieu Minh Sinh, an official with Dong Nai Provincial Trade Union.

Nike Inc. reported a 51 percent rise in profits last month during its first quarter. In the most recent fiscal year, Nike made $1.5 billion on record sales of $16.3 billion.

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