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iPhone manufacturer to shutter China factories
Foxconn idles up to 800,000
By Rik Myslewski in San Francisco • Get more from this author
Posted in Business, 10th June 2010 22:45 GMT
Foxconn – the massive Taiwan-based contract manufacturer whose clients include Apple, Dell, HP, Intel, Sony, and others – will shutter its mainland China operations in a restructuring that could move as many as 800,000 workers into the ranks of the unemployed.
This news comes by way of the Chinese-language news site ON.CC — a Google translation is available here — and couldn't immediately be independently verified.
The announcement came at a shareholders meeting of the Hon Hai Group, Foxconn's parent company. Chairman Terry Gou said that production would be withdrawn from mainland China and shifted to Taiwan, Vietnam, and India. There are currently 800,000 Foxconn workers on the mainland, and if all Foxconn manufacturing there eventually ceases, they would all be out of work.
Originally posted by out west
I dont care about those reptilian half breeds.
Who cares, lots of people around the world have no jobs.