Foxconn: No strike at China iPhone plant; production remains on schedule

“Foxconn, the Taiwanese made-to-order electronics giant that assembles Apple Inc’s products, denied reports that a plant in China was crippled by a strike, saying on Saturday that its production is on schedule at an important time for Apple,” Reuters reports.

“The report of a strike issued by China Labor Watch, a New York-based advocacy group, came weeks after Apple kicked off its largest-ever global rollout for the new iPhone 5 smartphone. Apple is already struggling with tight availability of the phones in stores, analysts say,” Reuters reports. “The labor group said 3,000 to 4,000 workers went on strike at Foxconn’s Zhengzhou complex in central China on Friday, angered by over-exacting quality controls as well as demands they work through the week-long National Day holiday, which began on Monday.”

Reuters reports, “But Foxconn Technology Group, which has its headquarters in Taiwan, denied the report and said the plant suffered only two brief and small disputes several days earlier. ‘Any reports that there has been an employee strike are inaccurate,’ the company said in an emailed statement, adding that ‘there has been no workplace stoppage in that facility or any other Foxconn facility and production has continued on schedule.'”

Read more in the full article here.


    1. That’s because it’s so easy to do. Just dump Apple shares upon hearing any unfounded rumor. Are most company investors that easy to dupe? Apple is a stock that is always ready to drop in an instant for almost no reason at all.

  1. china labor watch, based in New York ? run by whoever they are
    is just plain wrong, you think CHINA would let workers
    go on strike? no way, they are communist capitalists, laborers are in hundreds of millions, go figure them out, for every worker that gets fired, five or ten is waiting for his job.

  2. What? We’re going to believe those Commie bastards? Those pricks are all long AAPL. They could be having firefights at this very moment and we’ll never know! Where’s Bruce Lee when you need him?

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