HCMC – PouYuen Vietnam, the most labor-intensive company in Binh Tan District, HCMC, has offered financial assistance totaling VND689 billion to around 5,700 workers whose contracts were terminated in June and July this year.
The Taiwan-invested footwear maker previously decided to lay off around 5,700 employees in two phases. Nearly 4,440 workers were let go in June, followed by 1,260 more in July.
The laid-off workers received financial aid equivalent to 0.8 month’s salary for each year of employment. The payment amount was calculated based on the average salary over the six consecutive months prior to the layoff.
During the first phase, PouYuen Vietnam allocated around VND525 billion to support the laid-off workers. The highest individual payment reached VND452 million, while the lowest was VND16.5 million.
In the second phase, around VND164 billion was allocated as financial aid for those whose contracts were terminated in July. The highest individual amount was VND376 million, and the lowest was VND15.8 million.
Earlier, the HCMC government had instructed relevant departments and agencies to closely monitor the employment situation at PouYuen Vietnam and provide assistance to affected workers.