Economic headwinds Baocheng Vietnam factory layoffs approximately 5,700 employees

Vietnam's economy is headwind, and it is reported that Vietnam's Baoyuan Shoe Factory will continue to lay off about 5,700 employees starting in late June. Vietnamese media reported that Bao Yuan will negotiate with employees to exclude vulnerable families from the list of layoffs, and the actual number of layoffs has yet to be confirmed. Baoyuan's parent company, Baocheng, said in response that local employees' labor work processes are handled …