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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Sunday, May 11, 2025

Footgearmex Footwear to lay off 1,200 workers on falling orders

The Saigon Times

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HCMC – Some 1,200 employees at Footgearmex Footwear Company in HCMC’s Binh Tan District will be laid off in December as the firm is short of orders.

The Taiwanese-invested firm has announced to terminate the labor contracts with these employees, with effect from December 1, to scale down its production, the local media reported.

Global economic uncertainty and runaway inflation have taken a toll on many of the firm’s partners, leading to a sharp reduction in orders at the company. Though the firm adopted multiple measures to maintain its production scale, it failed, according to its announcement.

All the workers losing their jobs will receive jobless allowances, equivalent to two months’ salaries, from the firm. The company will also give year-end bonuses to those who have worked at the firm for 12 months or longer.

Established in HCMC in 1998, Footgearmex Footwear currently has some 1,800 workers and specializes in manufacturing footwear for export to Europe.

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