Foxconn unrest threatens bigger hit to iPhone shipments -source [Reuters]
Best Buy Co., Inc. (BBY)
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Source: Reuters
Over 20,000 workers, mostly new recruits, have left - source TAIPEI, Nov 25 (Reuters) - Foxconn's (2317.TW) flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit. The world's largest Apple (AAPL.O) iPhone factory has been grappling with strict COVID-19 restrictions that have fuelled discontent among workers and disrupted production ahead of Christmas and January's Lunar New Year holiday, as many workers were either put into isolation or fled the plant. Following Wednesday's escalation that saw workers clash with security personnel, Foxconn could now see more than 30% of the site's November production affected, up from an internal estimate of up to 30% when the labour issues erupted in late October, the source said. The factory is the only one which makes premium iPhone models, including the iPhone 14 Pro
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