CnTechPost CnTechPost
  • News
    • Tech Industry
    • Gadgets
    • Software
    • Cars
    • Software
  • Contact
  • About
  • CnEVPost

Home ยป Tech Industry

Foxconn employees reportedly leave in waves as they can't work overtime to earn more

By Phate Zhang
May 14, 2020 at 5:36 PM UTC
0
0

Foxconn employees reportedly leave in waves as they can't work overtime to earn more-CnTechPost

According to Chinese media reports, there are recently waves of employee departures from the Foxconn factory in Zhengzhou, Henan Province, which is Apple's largest assembly line.โ€‚

According to report, a shopkeeper in the factory area said that there were indeed far fewer people in the factory and business was dismal. Employees are leaving a lot more because not working overtime causes a reduction in pay.

Security guards in the factory area said that orders and raw materials were not available due to the epidemic and could not be worked overtime resulting in too low wages, only 2,000-3,000 yuan a month, and the dispatched employees have basically all resigned.

Apple's iPhone sales in April fell 77% year-on-year and 56% year-over-year, according to a new research report released by market analyst KeyBanc Capital Markets.

And Apple's declining iPhone phone sales have hit its supply chain hard.

There were previous reports that Foxconn let some employees take four months off from this month until Sept. 1 because of the massive Apple cutbacks from the outbreak. In response, Foxconn, "At present, the Group's mainland plants are operating normally, there is no so-called large-scale layoffs and leave situation.

Source:

https://tech.sina.cn/2020-05-14/detail-iircuyvi3086595.d.html

More on Tech Industry

Foxconn employees reportedly leave in waves as they can't work overtime to earn more-CnTechPost
Chinese video platform iQIYI reportedly to lay off 20-40% of its workforce
Foxconn employees reportedly leave in waves as they can't work overtime to earn more-CnTechPost
Xiaomi's MIUI surpasses 500 million monthly active users worldwide
Foxconn employees reportedly leave in waves as they can't work overtime to earn more-CnTechPost
Education stocks soar with reports that China will resume after-school tutoring
Foxconn employees reportedly leave in waves as they can't work overtime to earn more-CnTechPost
Huawei posts sales revenue of about $71.3 billion in first 3 quarters
Foxconn employees reportedly leave in waves as they can't work overtime to earn more-CnTechPost
Luckin Coffee posts H1 net revenue of $492.9 million, up 106% year-on-year
Foxconn employees reportedly leave in waves as they can't work overtime to earn more-CnTechPost
Alibaba unveils ARM server chip Yitian 710, boasting strongest performance in the industry
Foxconn employees reportedly leave in waves as they can't work overtime to earn more-CnTechPost
Alibaba reportedly to release Arm server chip
Foxconn employees reportedly leave in waves as they can't work overtime to earn more-CnTechPost
Futu, Tiger extend losses as Chinese securities regulator reportedly refine regulations
AppleFoxconn

Recent Posts

  • DeepSeek makes minor upgrades to its R1 reasoning model May 29, 2025
  • Chinese video platform iQIYI reportedly to lay off 20-40% of its workforce Dec 1, 2021
  • Xiaomi's MIUI surpasses 500 million monthly active users worldwide Nov 24, 2021
  • Education stocks soar with reports that China will resume after-school tutoring Nov 8, 2021
  • Huawei posts sales revenue of about $71.3 billion in first 3 quarters Oct 29, 2021
CnTechPost CnTechPost
CnTechPost.com
  • Home
  • Tech
  • Gadgets
  • Software
Subscribe
  • RSS Feed
About
  • About Us
  • Contact Us
  • Privacy Policy
Copyright ยฉ 2025 CnTechPost.