Foxconn: recent Reuters report on factory resumption in China, not factual

13.02.2020 - Evdokimov Roman
Foxconn: recent Reuters report on factory resumption in China, not factual

Taiwan’s Foxconn said on Thursday that the recent Reuters reports about the company resuming operations in production plants were not factual.

The contract electronics manufacturer, currently supplying tech giant Apple Inc, made the comment in a statement to the Taipei stock exchange. However, Foxconn, formally called Hon Hai Precision Industry Co Ltd, did not elaborate on its current production status.

On Wednesday, Reuters reported that Foxconn had plans to resume operations on two of its plants in China despite the impact of the coronavirus in the country. Citing a source who claimed to be with direct knowledge in the situation, the Reuters report said that Foxconn aimed to resume production even after only 10% of its total workforce returned.

“Recently, Reuters reports on the group’s overall resumption schedule for the mainland China plants are not factual, and Hon Hai hereby clarifies it,” Foxconn said in the statement.

“In the past, the aforementioned media’s reports related to the group’s mainland China plants resumption are mostly not factual,” it said, adding that the reports have caused “misunderstandings and difficulties for employees, investors and the general public.”

Foxconn said its China-based teams are currently working closely with their respective local government agencies to implement post-holiday factory schedules.

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?