Categories Foxconn

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Foxconn cuts 50,000 contract workers early due to weaker iPhone demand

Foxconn hit by iPhone sales slowdown sheds 50,000 contract workers earlier than expected Foxconn Technology Group, Apple’s biggest iPhone assembler, has cut around 50,000 of its contract jobs since October 2018 at its most important iPhone factory in Zhengzhou, China, reports Nikkei. Foxconn generally hires thousands of temporary employees throughout the […]

Foxconn to acquire Belkin International for $866 million in cash

FIT, a subsidiary of Foxconn, to buy Belkin for $866 million Foxconn Interconnect Technology Limited (FIT) and accessory maker Belkin International, Inc. jointly announced the signing of a definitive agreement under which FIT has agreed to acquire Belkin for $866 million by way of cash merger on Monday. FIT, is […]

Apple discovers student interns illegally worked overtime in Chinese iPhone X factory

Illegal student labor discovered at iPhone X plant, says Apple The much anticipated Apple’s 10th-anniversary smartphone, iPhone X went on sale across the globe on November 3, with thousands of customers waiting to get their hands on the device. Also, the steep price of the smartphone has not deterred people […]