Foxconn and Apple Moving production to US

[Manonthestreet]

Ran across this article. Dont know if it plays into that announcement at all but is an interesting piece of info...seems India made a major misstep in withdrawing 2 currency denominations.
Hit hard by demonetisation, Foxconn puts a fourth of its India workers on bench
article wont allow me to post more than the link

 

[JimBowie1958]

Ran across this article. Dont know if it plays into that announcement at all but is an interesting piece of info...seems India made a major misstep in withdrawing 2 currency denominations.
Hit hard by demonetisation, Foxconn puts a fourth of its India workers on bench
article wont allow me to post more than the link

NEW DELHI: Foxconn, the world’s largest contract manufacturer and poster boy of the government’s Make in India project, has asked nearly a fourth of its 8,000 factory workers to go on paid leave for two weeks after last month’s demonetisation of high value notes sparked a severe cash crunch that saw sales slump almost 50%, forcing the company to slash production by half.

The government’s move to ban Rs 500 and Rs 1,000 notes from November 9 has had a domino effect on the mobile phon ..

Read more at:
Hit hard by demonetisation, Foxconn puts a fourth of its India workers on bench

Sometimes you need to right click and paste as plain text; dont know why.

 

[Manonthestreet]

Not just Foxconn either couple others are benching big portion of their work force

 

[Billy_Kinetta]

Interesting.

 

[Indeependent]

India...The Best & The Brightest...actually the cheapest.

 

[Bleipriester]

Where does it say they are moving to the US?

 

[frigidweirdo]

Where does it say they are moving to the US?

Where does it even mention the USA, or that they'll be moving jobs? Oh, wait, it doesn't.

 

[Bleipriester]

So this is fake news? Click-bait fake news?

 

[Claudette]

Seems Apple and Foxconn are thinking of moving production to the US.

Apple is exploring moving iPhone production to the US: Report

http://www.zerohedge.com/news/2016-11-17/

 

[sealybobo]

Ran across this article. Dont know if it plays into that announcement at all but is an interesting piece of info...seems India made a major misstep in withdrawing 2 currency denominations.
Hit hard by demonetisation, Foxconn puts a fourth of its India workers on bench
article wont allow me to post more than the link

So you know, things have changed

Foxconn, which received controversial state and local incentives for the project, initially planned to manufacture advanced large screen displays for TVs and other consumer and professional products at the facility, which is under construction. It later said it would build smaller LCD screens instead.

Now, those plans may be scaled back or even shelved, Louis Woo, special assistant to Foxconn Chief Executive Terry Gou, told Reuters. He said the company was still evaluating options for Wisconsin, but cited the steep cost of making advanced TV screens in the United States, where labor expenses are comparatively high.


Foxconn Shifts Focus From Wisconsin Manufacturing Plan | HuffPost