Fact of the Day

Adidas’ annual profits are on the rise, and yet workers in El Salvador are owed $825,000.

According to the Associated Press, adidas’ annual revenue rose 26% last year. “For all of 2006, Adidas said it earned 496 million euros ($649.76 million), up from 390 million euros the previous year. Annual revenue rose 52 percent to 10.1 billion euros ($13.23 billion) -- exceeding the 10 billion euro mark for the first time in the company's history, Adidas said.”
-Adidas Posts 4Q Profit, Associated Press, March 7, 2007

“Of the $825,000 that Adidas has recognized as the amount owed to us, it and other brands have decided to give only 4% of this amount. We know that these corporations, for which we sewed clothing, are very powerful and have multi-million dollar economic resources. We do not understand why you all have decided to offer such a small amount of what is owed to us.”
– The workers of the Hermosa factory, San Salvador, El Salvador, January 19, 2007