Electronics Production | December 05, 2008
Foxconn to lay off 5% in China
The EMS-giant is apparently laying off 5% of its Chinese workforce.
After several rumours circulating in the press over the past few weeks, Foxconn has stated ´to cut its Chinese workforce by 5%. Lee Jin Ming, Chief Accounting Officer at Hon Hai Precision, confirmed the layoffs to Chinese Media. The plan for these cutbacks has already been submitted to the Shenzhen Municipal Bureau of Labor and Social Security, he was cited in the report as saying. No further details are available at present. The article will be updated, if new details should emerge.