Foxconn Has Already Cut 50,000 Seasonal Jobs

Foxconn has let go around 50,000 contract workers since October at its iPhone factory in Zhengzhou, reports Nikkei. Normally, the contracts of these workers would have been renewed until mid-to-late January when the the workforce is traditionally scaled back.

Although the number of workers let go is not necessarily larger than previous years, sources say the timing of the cuts is significantly earlier.

"It's quite different this year to ask assembly line workers to leave before the year-end," a source told Nikkei.





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