worlds largest iPhone factory

Foxconn Reports Big Sales Drop After iPhone Plant Disruption

5Dec

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Technology

Foxconn Reports Big Sales Drop After iPhone Plant Disruption

[ad_1] Hon Hai Precision Industry Co. reported sales for November were down 11.4% from the prior year after some shipments were affected by a Covid outbreak. Hon Hai Precision Industry Co. reported sales for November were down 11.4% from the prior year after some shipments were affected by a Covid outbreak in the Chinese city of Zhengzhou, where the company operates the world's largest iPhone assembly complex. The company, also known as Foxconn, said November was the most affected period by the pandemic and it expects the fourth quarter to be “roughly in line with market consensus.” The Covid outbreak led to government lockdowns, a worker exodus and violent protests at the manufacturing facility. The Zhengzhou campus in central China is where the bulk of the world's iPhone Pro ha...

Foxconn Offers Staff $1,400 to Leave After iPhone City Violence

[ad_1] Foxconn has begun offering $1,400 to any workers who choose to leave, an unusual decision intended to appease disgruntled new hires who played a central role in violent protests at the iPhone factory. Foxconn Technology Group has begun offering 10,000 yuan ($1,400) to any workers who choose to leave, an unusual decision intended to appease disgruntled new hires who played a central role in violent protests that rocked the world's largest iPhone factory.Apple Inc.'s main global production partner said in an online notice the sum, to be paid out in two installments, will help smooth the journey home for employees. Many of the 200,000-plus workers at Foxconn's main plant in Zhengzhou hail from elsewhere in the province or country. But the intent was also to usher out recent employ...

Big Setback for Apple; iPhone Supply Chain Takes Hit From China’s Covid-Zero Enforcers

[ad_1] With little warning, China locked down the world’s largest iPhone factory on Wednesday. It’s the last thing Apple Inc. needed. With little warning, China locked down the world's largest iPhone factory on Wednesday, declaring the zone around the Zhengzhou Foxconn Technology Group complex off-limits to combat a local Covid-19 outbreak. It's the last thing Apple Inc. needed. The abrupt move is expected to further disrupt a factory already grappling with an outcry over an on-site coronavirus outbreak, worker exodus and enforced quarantine. Local authorities said Wednesday that they'll sterilize Foxconn's campus and the surrounding areas in the next three days and send N95 masks to workers, another sign of the government's tightening grip. It served up a stark reminder of th...