摘要
Oll July 18, Adidas confirmed that it will close its only company-owned factory in China, signaling a strategic transition by the German sportswear giant. The factory in Suzhou, east China＇s Jiangsu Province, will close in October this year to allow the com- pany to realign its global resources. The closure was partly caused by ris- ing salaries in China, which drove Adidas to relocate its prouction line to Southeast Asia where labor costs are lower. Similar incidents occurred during the past several years. For instance, in March 2009, Nike closed its only shoe factory in China located in Taicang, Jiangsu, causing a massive layoff of 1,400 workers. The factory was relocated in Viet Nam. In 2011, Top Form, a listed Chinese company for lingerie and bras, moved its high-end production line out of China and expanded its production in Thailand and es- tablished a new factory＇ in Cambodia. UNY Co. Ltd., a Japanese retail company, will reduce its prolxwtion of clothing production in China against global clothing production from 74 percent to 65 percent in 2013. It will also enhance the proportion in Thailand and start new production bases in Bangladesh.
OPINION Real Estate Woes On July 18,Adidas confirmed that it will close its only company-owned factory in China, signaling a strategic transition by the German sportswear giant. The factory in Suzhou, east China’s Jiangsu Province, will close in October this year to allow
