Foxconn doesn’t deny layoffs at iPhone plant, but says recruiting elsewhere

Contract manufacturer Foxconn is trying to calm stock market fears after a report last week that it had laid-off 50,000 workers from its iPhone factory at Zhengzhou months earlier than expected.

It has made a statement in a stock exchange filing suggesting that it is recruiting even more workers for its other production facilities …

more…

The post Foxconn doesn’t deny layoffs at iPhone plant, but says recruiting elsewhere appeared first on 9to5Mac.