foxconn covid stricken plant in china

Foxconn has denied claims on social media of several deaths from a Covid outbreak at its main iPhone plant in China. Foxconn Technology Group has denied claims on social media of several deaths from a Covid outbreak at its main iPhone plant in China, calling the widely circulated videos “maliciously edited.” The video, posted by a well-known Chinese dissident on Twitter, described the deaths of eight Foxconn workers inside a company-operated dormitory. The clip had attracted more than 27,000 views as of Tuesday…

Foxconn’s main listed arm fell the most in three weeks. Foxconn Technology Group's main listed arm fell the most in three weeks, after the world's largest maker of iPhones said it may boost capacity at alternative sites to mitigate potential disruption at its main Covid-stricken plant in China. Foxconn, whose listed vehicle is Hon Hai Precision Industry Co., is grappling with mounting concern that a Covid flare-up at its main Zhengzhou plant could hurt production just as Apple Inc. gears up for the holiday season.…

Foxconn is preparing to bring backup production online and raise wages, after an exodus of workers threatened to disrupt an iPhone plant. Foxconn Technology Group is preparing to bring backup production online and raise hourly wages by more than a third, after an exodus of workers threatened to disrupt output at the world's largest iPhone plant ahead of the holidays. Foxconn, whose listed vehicle is Hon Hai Precision Industry Co., is grappling with mounting concern that a Covid flare-up at its main Zhengzhou plant…