Vietnamese maker of Nike, Adidas shoes to lay off 6,000 workers

Vietnam's prominent shoemaker PouYuen Vietnam, which produces footwear for brands like Nike and Adidas, will lay off almost 6,000 workers with permanent contracts at the end of next month, state media reported. For its decision, the company blamed a significant decline in orders amid the cost-of-living crisis in Europe and USA. In February, it laid off almost 3,000 permanent employees.