NYT: Staffing at Foxconn iPhone factory down 30%

Photo of Steven M. Peters
By Steven M. Peters Updated Published

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

ABNB Vol: 15,913,532
MCHP Vol: 19,139,274
PLTR Vol: 77,244,625
MRNA Vol: 6,820,582
AXON Vol: 1,591,869

Top Losing Stocks

TTD Vol: 133,458,224
CTRA Vol: 73,319,495
AKAM Vol: 8,143,961
ZTS Vol: 12,784,553
RMD Vol: 3,810,438