Hometechnology News

Foxconn woes at China plant could hit 30% iPhone November shipments

Foxconn woes at China plant could hit 30% iPhone November shipments

Foxconn woes at China plant could hit 30% iPhone November shipments
Read Time
2 Min(s) Read
Profile image

By Reuters Nov 25, 2022 1:07:22 PM IST (Published)

Following this week's bout of worker unrest at Foxconn's China plant, it was "impossible" for the company to resume entire production by the month-end — a deadline it had internally set before Wednesday's wave of protests, a source said.

Production of Apple Inc's iPhones could slump by at least 30 percent at Foxconn's factory in China's city of Zhengzhou after worker unrest disrupted operations, a person with direct knowledge of the matter told Reuters on Friday.

Recommended Articles

View All

The estimate was an upward revision of an October internal forecast for production impact of up to 30 percent at the world's largest iPhone factory, said the source, who sought anonymity as the information was private. Following this week's bout of worker unrest at the plant, the source added, it was "impossible" for the company to resume full production by the end of the month — a deadline it had set internally before Wednesday's wave of protests.
Foxconn declined to comment.
Meanwhile, on Thursday, Foxconn said a "technical error" occurred while hiring new recruits at a COVID-hit iPhone factory in China and apologised to workers after the company was rocked by fresh labour unrest.
According to a Bloomberg report, the company has also begun offering 10,000 yuan ($1,400) to any workers who choose to leave. The sum will be paid out in two instalments.
The payout, which in general exceeds a month’s wages for Foxconn’s blue-collar staff, is likely to placate some employees who staged the protest.
"The intent was also to usher out recent employees that the local government helped recruit, many of whom fueled tensions among the ranks. The company will replace departing staff, though it may take time," the report added.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Most Read

Market Movers

View All
Top GainersTop Losers
CurrencyCommodities
CompanyPriceChng%Chng