Friday, May 1, 2026
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO NA Magazine > News > Foxconn Offers $1,400 to Workers to Leave the World’s Largest iPhone Factory

Foxconn Offers $1,400 to Workers to Leave the World’s Largest iPhone Factory

in News
Foxconn Offers $1,400 to Workers to Leave the World’s Largest iPhone Factory
Share on LinkedinShare on WhatsApp

Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the Zhengzhou facility, which is the world largest iPhone assembly factory

The Apple supplier made the offer Wednesday following scenes of hundreds of workers clashing with security forces at the company’s compound in central China.

Besides a bonus payment delay earlier announced, workers complained they were forced to share dormitories with colleagues who had tested positive for Covid.

On Thursday the Taiwanese company apologized to the workers and said that a pay-related “technical error” occurred when hiring new recruits.

Many Foxconn employees have been fleeing the campus since October after management implemented a closed-loop system that isolated the plant, forcing the company to replace workers with thousands of new recruits.

The Taiwanese company campus is home to over 200,000 workers, where they make Apple devices including the iPhone 14 Pro and Pro Max. Its production accounts for 70% of iPhone shipments globally.

The rare dissent scenes came as China reported another record high Covid infections on Thursday. Cities imposing local lockdowns, mass testing and other curbs are fueling frustration among the population and hitting the world’s second largest economy outlook.

Japanese brokerage Nomura cut its China GDP forecast for the fourth quarter to 2.4% year-over-year from 2.8%, and its full-year growth to 2.8% from 2.9%, far short of China’s official target of about 5.5% this year.

Tags: AppleFoxconniPhone

Related Posts

Meta CEO Mark Zuckerberg testifies on social media’s impact on mental health
News

Meta shares sink 9% after Reality Lab earnings fall short

Core inflation rate hit 3.2% in March
News

Core inflation rate hit 3.2% in March

News

Jerome Powell announces plans to remain on Federal Reserve board

China’s trade surplus reaches $1 trillion, despite drop in shipments to the US
News

U.S. trade deficit widens as imports increase

Lululemon stock falls after holiday guidance
News

Lululemon founder speaks out against new CEO appointment

Yum Brands reports solid Q1 driven by Taco Bell sales
News

Yum Brands reports solid Q1 driven by Taco Bell sales

GM reshapes product strategy with plug-in hybrid EVs
News

GM lifts 2026 guidance following $500 million tariff refund

Coca-Cola beats on earnings, releases cane sugar edition suggested by Trump
News

Coca-Cola beats estimates and raises earnings forecast as global demand booms

Russian Oil Exports down by 2.5 million Barrels per Day in Volatile Market
News

Oil climbs above $110 as the world awaits Trump’s response on Iran

Qualcomm shares rise 12% amid Open AI collaboration rumors
News

Qualcomm shares rise 12% amid Open AI collaboration rumors

No Result
View All Result

Recent Posts

  • Meta shares sink 9% after Reality Lab earnings fall short
  • Core inflation rate hit 3.2% in March
  • Jerome Powell announces plans to remain on Federal Reserve board
  • How the AI boom derailed clean‑air efforts in one of America’s most polluted cities
  • The future of outplacement: What will matter most in the next 5 years

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.