[lbo-talk] Nike says committed to grow in Indonesia

uvj at vsnl.com uvj at vsnl.com
Tue Jul 17 14:02:33 PDT 2007


Reuters.com

Nike says committed to grow in Indonesia http://www.reuters.com/article/businessNews/idUSJAK2446220070717?sp=true

Tue Jul 17, 2007

By Harry Suhartono and Ed Davies

JAKARTA (Reuters) - Nike Inc. (NKE.N: Quote, Profile, Research) is committed to expanding its business in Indonesia, despite a decision to scrap contracts with two of its suppliers, a company director said on Tuesday. Several thousand angry Indonesian workers staged a noisy protest outside Nike's office in Jakarta on Monday, urging the firm to rethink its plans to end the contracts or pay severance money. http://www.reuters.com/article/businessNews/idUSJAK2446220070717?sp=true



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