Adidas Will Terminate Its Contract With 300 Chinese Foundries.

Said of an aged person

More enterprises are on the brink of bankruptcy than those who have already failed.

Just after Adidas's response, Oriental News broadcast a news in the Orient news that Adidas suddenly terminated its cooperation with its "foundry enterprise".

These enterprises have been producing sportswear and T-shirt for Adidas for more than 10 years, but they have been informed recently that Adidas will terminate their cooperation with them from October to April next year.

"Fixed investment is around ten million, and there are still costs in manual lifting and so on. We have not made a clear calculation and we dare not calculate."

Chen Yunfu, the head of a foundry enterprise of Adidas, said.

These companies only got the promise of Adidas last year, and will not terminate the OEM cooperation by 2015. Enterprises have increased investment to this end, and now they have suddenly changed their views.

"Orders, costs, funds, these problems stack up together, we can not breathe."

Zhang Qiuren, general manager of Dongguan North China Industrial Company, told our reporter that this year's business situation is even worse than that of the financial crisis. Not only are the orders less, but also the short list, coupled with the continuous increase in labor costs and the difficulty of financing.

"This year's

Orders are even worse than the financial crisis, and business is harder than the financial crisis. "

Cai Huantian, vice president of Wenzhou clothing trade association and chairman of Zhejiang fist Garments Co., Ltd., poured water on the media reporters. "From the number of orders this year, we saw a decrease of more than 30% from last year. From a single order, the amount of orders is reduced by 70% over last year, for example, the original order was about 100 thousand yuan, and now it is twenty thousand or thirty thousand yuan."

Mr. Zhang told reporters that in Dongguan, many people could not keep up or shut down their factories to other industries, or were forced to go bankrupt, and some factories moved to cheaper areas such as Southeast Asia. Some of them, like themselves, chose to rather lose their money.

Choose to return home

More and more workers are forced to return to their jobs because of the continuous news of business failures and the decline in factory operating rates.

"Two months off, I don't know if the factory can start."

Liu Jing, 23, has been in Henan for two months. She worked in a shoe factory in Dongguan.

She told reporters that recently, many workers chose to return home to work, and the townsman who returned home with him did not meet with the factory closing down or a holiday.

Li Youhuan, director of the comprehensive development research center of the Guangdong Academy of Social Sciences, said that migrant workers returning to the countryside in the Yangtze River Delta indicated that their manufacturing industry had already been in trouble.

This round of crisis is completely different from the financial crisis of 2008. 2008 is the contagion crisis triggered by the financial crisis. This is the fundamental downward trend caused by the downward pressure of the world economy and the domestic economic structure.

When interviewed, most enterprises said that the difficulties they faced now were even more serious than those of the financial crisis. Workers returning home were more likely to return to their jobs because of insufficient factory start-up and sufficient orders.