Nike could shift shoe production after labor protest

Nike’s (NKE.NYSE, NKE.ETR) CEO Mark Parker said he was considering shifting production within China after protests at Yue Yuen Industrial Holdings (0551.HKG) factories in southern China rocked the shoe manufacturer’s production, Reuters reported. He said Nike was reexamining labor conditions there but hadn’t reached a conclusion. Moving production could ensure the company’s supply chain remained uninterrupted. Yue Yuen workers in Dongguan went on strike on April 14 to protest against chronically low company contributions to social insurance and housing provident fund accounts. Nike’s workplace code of conduct includes a clause protecting worker compensation and benefits.