Foxconns response to job cuts: a routine business move

 Foxconns response to job cuts: a routine business move

Beijing News (Reporter Liang Chen) on January 22, the reporter learned from Foxconn Technology Group (also known as Hon Hai Precision) that in response to recent media reports on layoffs, it issued a statement saying that in order to meet the groups global layout and customer business development needs, the number of employees in different parks was allocated to the groups regular action.

The statement also said that the Group continued to promote the transformation and upgrading of industrial Internet intelligent manufacturing, and committed to the cultivation and skills upgrading of its employees. In the first quarter of 2019, the Group still has more than 50,000 manpower recruitment needs in some factories in mainland China.

Recently, foreign media quoted sources as saying that Foxconns Zhengzhou iPhone factory has laid off more than 50,000 employees since October 2018. By convention, Foxconn will start large-scale layoffs after mid-January, but in 2019 it will be ahead of schedule.

The reporter inquired about Foxconn Recruitment and found that after November 2018, the public number did not publish any recruitment information, but there are still various kinds of engineers and other positions in Foxconns official recruitment page.

In July and November 2018, Foxconn responded to cost cuts and layoffs. Foxconn has said that the scope of previous adjustments includes hundreds of companies under the Foxconn Group system. Cost reduction is mainly aimed at those units whose operating performance fails to meet the standards and outward investment whose profitability is not as good as expected, excluding group R&D and new product development funds.

Foxconn said it regularly reviews global operations to ensure that the groups operating team and budget in the new year can meet current and expected customer needs, the groups global business development, and meet market and economic challenges in the next year or two.

Liu Xiaoyang, editor of Liang Chen, a journalist of the New Beijing News, proofread Wu Xingfa

Source: New Beijing Daily Responsible Editor: Yao Liwei_NT6056