Foxconn Object
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Foxconn, Apple's main supplier of iPhones, says it's resuming production to normal after a lockdown due to the pandemic and unrest among workers.
Following a strict lockdown in China, followed by riots by some workers and the flight of others from the factory in Zhengzhou, Foxconn released a statement about its production.
According to Reuters, Foxconn's official statement said that revenue in November fell 11.4% year-on-year due to problems. The company itself does not provide any details on when full capacity operations will resume
“The overall epidemic situation has now been brought under control, with November being the most affected period,” the statement said. He adds that Foxconn is gradually “restoring production capacity to normal levels.”
A separate unnamed source who is said to have direct knowledge of the situation provided Reuters with more details. “Capacity is currently being gradually restored,” the source said, adding that due to the recruitment of new employees, full production is expected around the end of December or early January.
“If recruitment goes smoothly, full production could take about three to four weeks to resume,” the source continued. Despite reports of some “concerns” from workers over Foxconn's conditions, the source said “we're working hard on hiring.”
The second source said that “the situation has stabilized” and that “the local government is actively helping with the resumption of work.”
It was previously reported that quarantine and unrest will seriously reduce Foxconn's revenue. Foxconn's official statement only says that expected growth in the fourth quarter will be “roughly in line with market consensus.”
