Foxconn India plant shut for 3 more days after week-long closure: Source
Apple supplier Foxconn`s plant near Chennai in India will stay shut for three more days, a senior government official said, extending a week-long closure following workers` protests sparked by a food poisoning incident.
Apple supplier Foxconn`s plant near Chennai in India will stay shut for three more days, a senior government official said, extending a week-long closure following workers` protests sparked by a food poisoning incident.
The plant is expected to start production with 1,000 workers on Dec. 30, according to the person close to the matter who was not authorised to speak with media and declined to be identified.
A separate government source had said last week that the plant was closed on Dec. 18 and was expected to remain shut until Dec. 26.
The gates of the factory, which is on the outskirts of the southern city of Chennai, were open on Monday morning and some vehicles were moving in and out but the area was mostly deserted.
The plant makes iPhone 12 models, and media reports have said Apple has started trial production of its flagship iPhone 13 at the factory recently.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
12:24 PM IST