Foxconn cuts 50K contract workers early amid iPhone sales slump
Foxconn has been forced to cut contract workers early amid iPhone sales slump,reportsNikkei. Citing an industry source familiar with the situation, the outlet says around 50,000 seasonal employees have been let go since October at the company’s top iPhone factory in Zhengzhou, China. 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 an industry source familiar with the situation....