NYT: Staffing at Foxconn iPhone factory down 30%

Photo of Steven M. Peters
By Steven M. Peters Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

From Ailin Tang’s “Apple Takes a Hit in China, and Workers There Feel the Pain” in Saturday’s New York Times.

In the Chinese city of Zhengzhou, employment at a vast factory that makes iPhones has fallen to about 70,000 from the already low pre-Lunar New Year level of more than 100,000 a year ago, according to China Labor Watch, which tracks working conditions and speaks to workers in China.

In a statement, the Zhengzhou factory’s owner, the Taiwanese electronics supplier Foxconn, declined to comment directly on the group’s figures but said it was constantly reviewing its operations and planned to add more than 50,000 positions across China in the first three months of the year.

My take: These are stunning numbers. Not the changes down and up (who really knows what they mean?), but the sheer number of Chinese hands it takes to assemble these things.

[apple-subscribe]

Contact [email protected] for any questions or corrections.

Photo of Steven M. Peters
About the Author Steven M. Peters →

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

HPE Vol: 26,431,700
NCLH Vol: 17,600,839
LRCX Vol: 12,118,424
IVZ Vol: 4,557,369
AMD
AMD Vol: 26,902,257

Top Losing Stocks

CTRA Vol: 73,319,495
APA
APA Vol: 4,400,255
PSKY Vol: 18,873,941
COST Vol: 4,545,300
CINF Vol: 2,196,176