From Rest of World, October 1:
Recruiters are wooing new workers with bonuses and gifts.
For Apple suppliers in Vietnam, the end of summer is recruitment season. In the months ahead of the busy holiday shopping rush, companies like Luxshare and Foxconn try to fill thousands of permanent and temporary assembly jobs, building products like AirPods and iPads. Competition for these jobs was once fierce. But in the past couple of years, as more manufacturers relocate from China to Vietnam, the benefit of choice has shifted to the workers.
- Vietnam is the preferred location for tech manufacturers diversifying from China.
- As Apple suppliers expand production in Vietnam, competition for workers has intensified.
- Recruiters solicit prospective workers on TikTok, promising cash rewards and free accommodation.
“There are more factories competing for the same pool of workers, and so many have had to increase perks and find ways to attract workers,” Tong Diep Anh, marketing director at Viec 3 Mien, a recruitment company for Apple manufacturers, told Rest of World. “In the past, when demand for work was high, workers had to pay money to get a job. Now that the job market is saturated, workers have a choice.”
On TikTok and Facebook, manufacturers and their recruiters try to attract the attention of potential workers by posting videos and hosting daily livestreams about the jobs they offer. Some promise monthly wages of up to 12 million dong ($492), plus sign-on bonuses.
“Did you come on your own or through a referral?” a recruitment host asks a job candidate at Foxconn, in a video posted on TikTok.
“On my own,” the worker says. “Okay, the company will award you 500,000 dong,” the host replies, adding that the bonus of about $20 is valid for everyone who applies in the next two months. “Brothers and sisters, friends who refer a worker will also be awarded 500,000 dong.”...
....MUCH MORE
Jeez, back in 2019 we were posting - Vietnam Rising: "US-China trade war pushing Vietnam’s manufacturing industry to capacity"
And 2023 - "Vietnam becomes vital link in supply chain as business pivots from China"
And - "A tiger economy starts to roar in Vietnam" (except for the rare earth industry corruption)
And many more.
Plus, if you do the currency conversion it really hits home how insane this woman was (April 2024):
"Vietnamese Woman Sentenced To Death For $44 Billion Fraud" with our insightful introduction: "That's a big fraud." and included the factoid:
....According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.
That much cash, even if all of it was in Vietnam's largest denomination banknotes, would weigh two tonnes....
That poor driver.
Big fraud necessitated big bailout (June 2024):
"Vietnam’s Massive Saigon Bank Bailout Rises to $24.5 Billion"
