Technology

NYT: Staffing at Foxconn iPhone factory down 30%

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.

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.