Coats Vietnam bags people empowerment award
Coats Phong Phu, the Vietnam business of industrial thread major Coats Plc, has won an award for "people empowerment", thanks to its reputation as an "inspirational company" to work for.
The company, which last month celebrated 25 years of operating in Vietnam with its joint venture partner Phong Phu Corporation, won the People Empowerment category at the sixth Vietnam Supply Chain Awards. It was recognised for a people strategy built around 'care, trust, innovation and long term success'.
The judges praised the company for listening to and implementing staff ideas. It has increased its employee engagement level from 57% in 2010 to 80% in 2013. It also has a culture of continuous improvement with 96 Kaizen projects and 47 individual Lean Six Sigma certifications this year.
Bill Watson, managing director of Coats Vietnam, said: "One of the three goals of our business is positive teamwork, which is what people empowerment is all about."
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