Hon Hai: Looking Past The Zhengzhou Headwinds

04:20am, Wednesday, 30'th Nov 2022
Hon Hai is experiencing some near-term P&L headwinds following disruptions at the Zhengzhou site. The company's position within the Apple supply chain remains intact, however, supporting the mid-term
Lordstown Motors has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year.
Thousands of employees at Foxconn's flagship iPhone plant in China have quit since last week, as the major Apple supplier battles the latest bout of labour unrest that began in late October due to str
When officials from his Chinese village approached Hou last month, urging him to work at the world's largest iPhone factory for at least twice the usual pay, he knew it was risky.
Vote followed heightened military tension with Beijing after U.S. House Speaker Nancy Pelosi's visit in August
Hundreds of workers at a Foxconn plant in China turned to violent protests this week after about a month of rather strict COVID restrictions. Apple's holiday quarter is now in question That's bad news
Production of Apple Inc's iPhones could slump by at least 30% at Foxconn's factory in China's city of Zhengzhou after worker unrest disrupted operations, a person with direct knowledge of the matter t
More than 20,000 employees, most of them were new hires not yet working on the production line, have left Apple supplier Foxconn's Zhengzhou plant in China, a Foxconn source familiar with the matter t
There have been issues at the site for some months largely linked to China's strict Covid19 policies.
After violent protests, the iPhone assembler has offered payments of more than a month's wages if staff quit and leave the factory, CNN reported.
Workers at Foxconn, China's biggest factory producing Apple's iPhone, were kicked and clubbed by anti-riot police after staging protests over a pay dispute.
Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave its largest iPhone assembly factory, in an attempt to quell protests that saw hundreds of workers clash with s
The Apple supplier has offered $1,400 compensation to any disgruntled workers who choose to leave the factory a day after violence broke out over unpaid wages.
BEIJING (AP) — The company that assembles Apple Inc.'s iPhones apologized Thursday for what it said was a technical error that led to protests by employees over payment of wages offered to attract t
The company that assembles Apple Inc.'s iPhones apologized Thursday for what it said was a technical error that led to protests by employees over payment of wages offered to attract them to a factory
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