Apple’s iPhone maker Foxconn reopens China plants amid virus outbreak

11.02.2020 - Kulakov Vladimir
Apple’s iPhone maker Foxconn reopens China plants amid virus outbreak

Apple’s iPhone maker Foxconn reopens China plants amid virus outbreak

Apple Inc’s main iPhone maker Foxconn was given the signal to reopen two of its major plants in China despite the severe situation of the coronavirus outbreak in the country. According to sources, Apple Inc aims to resume production even though only 10% of its workforce has readily returned to work.

The world’s largest contract electronics maker got approval from Apple to resume its iPhone assembly lines at factories in the eastern central Chinese city of Zhengzhou and in its southern manufacturing hub in Shenzhen.

In Zhengzhou, only 16,000 workers, less than 10% of the total workforce, reported back to the factories as of Monday. Meanwhile, in Shenzhen, around 20,000 workers, or roughly 10% of the total workforce continued production after the Lunar New Year.

“As a matter of policy and for reasons of commercial sensitivity, we do not comment on our specific production initiatives,” Foxconn said in a statement.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from Umarkets.com or Market Solutions limited." Cookies notification: “We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Continue
×

Help with deposit?