China Resorts To Retired Soldiers To Drive iPhone Production At Biggest Foxconn Facility

Local authorities in China's Henan province urged retired soldiers and government workers to take stints at Hon Hai Precision Industry Co Ltd HNHAF Foxconn's Apple Inc AAPL iPhone factory in Zhengzhou, Reuters reports.
The largest iPhone manufacturing facility faced discontent over government-mandated measures to curb the spread of COVID-19, which required the company to isolate many workers but prompted many others to flee in recent weeks.
The calls to retired workers have come from authorities in cities like Jiyuan and Kaifeng, who say that those who take up the offer will be eligible to receive their current salary plus wages and bonuses from the factory.
Also Read: Apple Analyst Finds iPhone 14 Less Popular With Chinese Customers, Initial Data Suggests
In Jiyuan, for example, public sector workers can receive a bonus of 800 yuan ($112.9) after signing up for the job and a 3,000 yuan ($423.5) bonus after completing 30 days of work, on top of factory wages and their current salary.
Last week, Apple lowered its forecast for shipments of the premium iPhone 14 model due to the situation.
Reportedly, Foxconn's production of Apple's iPhones at the Zhengzhou factory could slump by as much as 30% in November.
Earlier this month, Foxconn quadrupled bonuses for stayed workers and began a recruitment drive that advertised higher-than-usual salaries.
The factory received its first batch of new workers on November 13.
Price Action: AAPL shares traded lower by 1.13% at $148.34 on the last check Wednesday.

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