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Electronics Production | May 30, 2011

Foxconn subsidiary lays off 86% of staff

FIHTK, a subsidiary of the Foxocnn Group, based in Korea is said to have laid off around 85% of its staff.
Media reports suggest that 240 employees of the entire workforce of 280 have been laid off. DigiTimes reports that most employees had already left the company. The offered severance package was said to be 'satisfactory'.
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