Paul Renner
Factories in China where iPhones are assembled would have fewer staff and overtime due to reduced demand. The companies taking these steps are Foxconn and Pegatron.
Foxconn and Pegatron File Workers Over Falling iPhone Demand
Foxconn has currently stopped hiring staff to work on its massive Zhengzhou site called iPhone City. In addition, the company is said to have hired temporary staff in February to work on the site. A worker, Mr. Wang, said Financial times that “we haven’t worked overtime since April 10th” It’s not just Foxconn who’s worried. Another iPhone assembler, Pegatron, is said to fire workers at the Shanghai factory. An employee told the same newspaper that “about 1,000 temporary workers seconded by third parties have been fired.”
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The details of these measures came as a note to Cowens investors, who revealed that Apple actually outperformed its rivals to increase smartphone production. However, the note also resulted in a global decline in smartphone demand.
Keywords: Foxconn, iPhone, Pegatron
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