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Foxconn cuts 50,000 contract jobs in China - Nikkei

Updated : January 18, 2019 05:41 PM IST

The scale of the cuts is not necessarily deeper than previous years, it is simply significantly earlier, the report said, citing an industry source familiar with the situation.
Earlier this month, Nikkei reported that Apple cut current quarter production plan for new iPhones by 10 percent in the face of slowing demand in China, the world's largest smartphone market.
Foxconn cuts 50,000 contract jobs in China - Nikkei
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