Less than two weeks ago, shares of Apple slipped after an announcement by iPhone manufacturer Foxconn that it was freezing hiring at several Chinese factories ignited concerns about falling demand for the Cupertino-based company’s devices.
Electronics manufacturing giant Foxconn has denied earlier reports that thousands of workers went on strike on Friday at a plant that assembles Apple’s latest iPhone — reportedly causing production of the device to be “paralysed”.
Apple’s stock price fell 2.8 percent after investors worried that a hiring freeze at Foxconn’s China plants is related to slowing iPhone 5 sales. Foxconn suspended recruitment at its factories in Zhengzhou and Shenzhen and it also reportedly postponed the construction of a new factory.
About 2,000 Chinese employees of an iPhone assembly company fought a pitched battle into the early hours of Monday, forcing the huge electronics plant where they work to be shut down.Comment: I know this is not an open source story, but many electronic gadgets in use around the world are made at Foxconn's factories.
Foxconn admitted this week to hiring underage interns at its Yantai plant in China. Many assumed the Yantai plant has some association to the production of Apple products, but in reality Nintendo’s Wii U gaming console is undergoing testing there.
As many as 56 kids were working at the plant, some as young as 14; Chinese law maintains that workers must be at least 16.
Not that I'm defending Apple or anything, but....dura wrote: In the Guandong province in China, more than 10 workers for Apple and Foxconn have jumped out of windows, to their death, because conditions are so bad. "And, hey, we're ex-hippies, you know, we used to take acid and everything". Oh come on.Fwiw, Foxconn builds computing and mobile products for a number of companies.
Richard Lai is reporting that more than 2,000 employees of the Taiyuan Foxconn plant rioted last night, causing damage on the factory campus after a guard allegedly hit a worker at 10pm.
The Taiyuan plant is notorious for their mandatory overtime requirements. Quoth Lai:
An undercover report from August mentioned that the Taiyuan plant processed the back casing of the iPhone 5.
Foxconn has been planning to buy 1 million robots to replace human workers and it looks like that change, albeit gradual, is about to start.
The company is allegedly paying $25,000 per robot – about three times a worker’s average salary – and they will replace humans in assembly tasks.