Foxconn to relocate Apple production

Posted on Wednesday, June 30 2010 @ 21:39 CEST by Thomas De Maesschalck
The Straits Times reports Foxconn has plans to shift some of its production of Apple products to other parts of China due to rising labour costs:
The planned relocation, aimed at containing rising costs, also indicates a move by labour-intensive manufacturers out of prosperous coastal regions, reported Global Times.

The Financial Times, citing unnamed executives, said yesterday that Foxconn will move some production from its long- time manufacturing hub in Shenzhen to northern Tianjin and central Henan province.

The city government of Hebi in Henan said in a notice seen yesterday the company plans to recruit some 300,000 workers for a new plant which is to be located in Hebi, reported Associated Press.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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