Tag Archives: foxconn
In a recent exchange filing, Hon Hai and its Foxconn unit are feeling under the financial squeeze as labor costs increase. Bloomberg reports that Hon Hai said that its first quarter net income came in at NT$14.9 billion, up from NT$14.4 billion a year ago but what fades here is that profits was lower than estimates. “That poor result caught me by surprise,” said Vincent...
American publication Marketplace has posted – via Electronista – an early detail of a rare tour of Apple’s Foxconn factory which was in the news from quite some time for one reason to another. Rob Schmitz of Marketplace spent time talking to workers at the factory, and barring some tough supervisors and a dispute over a promised pay raise, reported that most...