Foxconn fires a total of 50,000 workers
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Foxconn is a name that probably sounds to many of you. It is the largest iPhone assembler worldwide. But the drop in sales of Apple phones has significantly affected the company. Since it has been revealed that they fire a total of 50, 000 employees. This is something that happens at their largest factory in Zhengzhou, China.
Foxconn fires a total of 50, 000 workers
The dismissed were subcontracted workers for this plant. In this case, the contracts of this type of workers are renewed every month. A layoff that this year occurs earlier than expected.
Foxconn layoffs
Not only are these layoffs premature, but they are also many more than usual. The reason Foxconn is laying off so many people at its main factory is because of low iPhone sales. In addition, their production has decreased in this first quarter of the year. In addition, this week it was revealed that Apple was going to slow down the rate of hiring. Something that could be related in this regard.
In addition to Apple, Foxconn is also a supplier for other brands such as Dell, Hewlett-Packard, Motorola, Nintendo, Sony and Nokia. So it is one of the most active in this market segment.
The company has not been the only Apple supplier that has been forced to fire multitudes of employees. Other companies in China that work for the Cupertino firm go through the same situation. We will see if over the months there are changes in this regard.
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