Foxconn Suspends New Recruitment in China
Sohu IT, 2/21/13
Liu Kun, the Mainland China spokesperson for Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW), confirmed on February 20 that the contract manufacturer had suspended new recruitment at its Shenzhen and Zhengzhou plants. Liu said that new recruitment had in fact been suspended at all of the company's Chinese campuses, explaining that the suspension was the result of a high percentage of workers returning to their posts after the Chinese New Year holiday. According to Liu, Foxconn's employee return rate stands at 90% and even reached 97% in some plants.
A source inside Foxconn, noting that the company is Apple's largest contact manufacturer, said that the suspension of new employee recruitment was partly related to reduced production of the iPhone 5. Another source at Foxconn said that the move was related to the robotic assembly plans previously announced by Terry Gou. A different source confirmed that Gou issued an order earlier this year for all Foxconn plants to step up automation efforts. "If plants want to start any large-scale recruitment," the source said, "they will have to have the plans personally approved by Terry Gou."
Keywords: HR Liu Kun Terry Gou hardware contract manufacturer Foxconn 2038.HK 2354.TW wireless
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