Nike:Trans-National Corporation (General Information (Known for sweatshop…
Horrible working conditions
They will often be exposed to toxic chemicals and develop diseases such as respiratory types or cancer.
Children will be confine to as small as a square metre in the factories
Children will often be slaves where their own or their families' lives are at stake.
Chris Paul (Jordan Brand)
Russell Westbrook (Jordan brand)
Kobe Bryant (Retired)
In their foreign facilities they employ children as young as ten years old.
Nike's company is named after the goddess of victory from ancient Greece.
Known for sweatshop controversy and horrible working conditions with exploitation.
Operates in 120 countries
Competes with Adidas, Reebok, and Jordan brands.
Has become world -famous with its iconic swoosh.
Originally founded as Blue Ribbon Sports
Makes sportswear including shoes, uniforms, socks caps, and other merchandise.
Worth an estimated $28.1 billion
Founded January 25, 1964 by Bill Bowerman and Phil Knight
Countries operating in
Nike actually chooses not to disclose all of the 120 countries that they operate in, however some known ones are
Reasons for operation in LEDCs
The Birth Rate is high so there will rarely be a shortage of workers
No unions to protect workers' rights (except ACFTU in China)
Land prices are very low
Poor health and safety, so little to no money will be spent on employee health safety
Many people in LEDCs are unemployed so TNCs like Nike can use the excuse that they are providing employment and giving them privelige
If their facilities and factories are set up in foreign countries they spend less money on taxes getting a 'tax rebate'
Labour is much cheaper so less money will be spent on employees