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February 22, 2013 07:54 am GMT
Apple's shares were hit 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. Though this may point to slackening demand for the iPhone 5, it could also mean that Foxconn is preparing to adjust its production line in order to install automated robots as a way to get around increasing wages and concerns that poor working conditions played a role in a series of worker suicides. The Taiwanese electronics manufacturer refuted reports that the hiring freeze is related to iPhone 5 production and said that it was related to a glut of employees returning after the Lunar New Year break.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Oq1AIMuvlko/
Foxconn Hiring Freeze May Be Because Of Robots, Not Slack iPhone 5 Demand
Apple's shares were hit 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. Though this may point to slackening demand for the iPhone 5, it could also mean that Foxconn is preparing to adjust its production line in order to install automated robots as a way to get around increasing wages and concerns that poor working conditions played a role in a series of worker suicides. The Taiwanese electronics manufacturer refuted reports that the hiring freeze is related to iPhone 5 production and said that it was related to a glut of employees returning after the Lunar New Year break.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Oq1AIMuvlko/
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