Yue Yuen extends its benefit scheme to all Chinese factories
13/08/2014
Nike and adidas supplier Yue Yuen has warned its first half revenues will be lower than forecast because it is raising contributions to its employee benefit payments scheme for all its Chinese factories.
In a statement to the Hong Kong Stock exchange, the manufacturer – which was dogged by strikes in April – said: “The group has reviewed its employee benefits policy in China following the Gaobu Factory incident. After such review, the board has decided to raise contributions for employees of the group's other factories in China, excluding the Gaobu Factory."
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