BeQuiet Jubiläum Banner 970x90
Breaking News

Samsung Electronics Takes Gaming Experiences To The Next Level With Global Launch of Odyssey Ark LEXAR ANNOUNCES THE WORLD’S FASTEST CFEXPRESS TYPE A CARD GOLD SERIES AND CFEXPRESS TYPE A/SD CARD READER Samsung Announces Galaxy Watch5 and Galaxy Watch5 Pro Samsung announces Galaxy Z Flip4, Galaxy Z Fold4 and Buds2 Pro Snapdragon 8+ Gen 1 Powers Samsung Galaxy Z Series Devices Globally

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Hit by Apple Slowdown, Foxconn Cuts 50,000 Seasonal Jobs

Hit by Apple Slowdown, Foxconn Cuts 50,000 Seasonal Jobs

Enterprise & IT Jan 18,2019 0

Apple's iPhone suppliers are cutting thousands of seasonal jobs months earlier than normal as the industry suffers a severe downturn.

Around 50,000 contract workers have been let go since October at Foxconn Technology Group's most important iPhone factory at Zhengzhou, in China's Henan Province, according to Nikkei Asian Review. Normally, the contracts of these workers would be renewed every month from August until mid- to late January, when the workforce is traditionally scaled back for the slow iPhone production season.

The cuts come significantly earlier than previous years.

Apple this month shocked the market by warning of a slump in revenues at the end of 2018. This year is also shaping up to be difficult, with further declines expected in the smartphone market, while the ongoing U.S.-China trade war is taking a heavy toll.

Pegatron, Apple's second-biggest iPhone assembler, began canceling monthly labor contracts in November.

Foxconn -- formally Hon Hai Precision Industry -- is hoping to reduce expenses with an organizational restructuring. It has recently merged business units making Apple's MacBooks and iPads with another division making laptops and desktops for Dell and Acer.

The result of the consolidation will be steep cuts to management jobs and back office support staff such as human resources, administration, accounting and finance, and utility support jobs.

Foxconn counts Apple as its top customer but the company also supplies to HP, Dell, Amazon.com, Huawei Technologies, Xiaomi, and many other global tech brands.

Foxconn did not respond to an inquiry to provide a comment.

Tags: Hon Hai/Foxconn Technology GroupAppleiPhone
Previous Post
Nissan-Mitsubishi B.V. Concludes That Former Chairman Ghosn Received Improper Payments
Next Post
Galaxy S10 Ultrasonic Fingerprint Reader Doesn't Work With Screen Protectors: report

Related Posts

  • Apple releases tvOS 16 public beta

  • All-new MacBook Air with M2 available to order starting Friday, July 8

  • 13-inch MacBook Pro with M2 available to order starting Friday, June 17

  • Apple unveils all-new MacBook Air and updated 13-inch MacBook Pro

  • Apple announces iPadOS 16, watchOS 9 and macOS Ventura

  • Apple, Google, and Microsoft commit to expanded support for FIDO standard

  • Apple Reports Second Quarter Results

  • Apple’s Self Service Repair now available

BeQuiet Jubiläum Banner 300x600

 

Latest News

Samsung Electronics Takes Gaming Experiences To The Next Level With Global Launch of Odyssey Ark
Gaming

Samsung Electronics Takes Gaming Experiences To The Next Level With Global Launch of Odyssey Ark

LEXAR ANNOUNCES THE WORLD’S FASTEST CFEXPRESS TYPE A CARD GOLD SERIES AND CFEXPRESS TYPE A/SD CARD READER
Cameras

LEXAR ANNOUNCES THE WORLD’S FASTEST CFEXPRESS TYPE A CARD GOLD SERIES AND CFEXPRESS TYPE A/SD CARD READER

Samsung Announces Galaxy Watch5 and Galaxy Watch5 Pro
Consumer Electronics

Samsung Announces Galaxy Watch5 and Galaxy Watch5 Pro

Samsung announces Galaxy Z Flip4, Galaxy Z Fold4 and Buds2 Pro
Enterprise & IT

Samsung announces Galaxy Z Flip4, Galaxy Z Fold4 and Buds2 Pro

Snapdragon 8+ Gen 1 Powers Samsung Galaxy Z Series Devices Globally
Smartphones

Snapdragon 8+ Gen 1 Powers Samsung Galaxy Z Series Devices Globally

Popular Reviews

CeBIT 2005

CeBIT 2005

CeBIT 2006

CeBIT 2006

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

External USB Slim Recorders Comparison

External USB Slim Recorders Comparison

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Main menu

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed