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Foxconn unrest risks iPhone shipments, weighs on Apple shares

November 26, 2022
Source: cp24.com cp24.com
News Snapshot:
Yimou Lee, Reuters - Foxconn's flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit. The world's largest Apple iPhone factory has been grappling with strict COVID-19 restrictions that have fueled discontent among workers and disrupted production ahead of Christmas and January's Lunar New Year holiday, as many workers were either put into isolation or fled the plant. Following Wednesday's escalation that saw workers clash with security personnel, Foxconn could...
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