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☆ Lordstown Motors files for bankruptcy and sues Taiwan's Foxconn
  + stars: | 2023-06-27 | by ( Michelle Toh | ) edition.cnn.com   time to read: +5 min
CNN —Lordstown Motors filed for bankruptcy protection Tuesday, put itself up for sale, and announced a lawsuit against Foxconn, accusing its biggest shareholder and former partner of setting out to “destroy” its business. Officially called Hon Hai Technology Group, Foxconn is best known for making iPhones for Apple (AAPL), but has recently made moves toward building electric vehicles. In 2021, it purchased an Ohio factory that Lordstown Motors had itself bought from General Motors in 2019. Lordstown Motors headquarters seen in Lordstown, Ohio in 2021. As of December, Lordstown Motors had just a fraction of that headcount, with 260 full-time employees, according to its latest annual report.
Persons: CNN —, Foxconn, Edward Hightower, Lordstown, ” Foxconn, ”, “ Foxconn, Lordstown’s, Dustin Franz, It’s Organizations: CNN, CNN — Lordstown Motors, Foxconn, Hai Technology, Apple, Lordstown Motors, General Motors, Bloomberg, Getty, GM Locations: Delaware, Taipei, Ohio, Lordstown , Ohio, California, North America
☆ China zero-Covid: Workers at Zhengzhou iPhone factory clash with police, videos show
  + stars: | 2022-11-23 | by ( Cnn'S Beijing Bureau Jake Kwon | Cnn'S Beijing Bureau | Jake Kwon | ) edition.cnn.com   time to read: +4 min
Beijing/Hong Kong CNN Business —Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. Videos of many people leaving Zhengzhou on foot had gone viral on Chinese social media earlier in November, forcing Foxconn to step up measures to get its staff back. Numerous complaints have also been posted anonymously on social media platforms — accusing Foxconn of having changed the salary packages previously advertised. Searches for the term “Foxconn” on Chinese social media now yield few results, an indication of heavy censorship. A vital hubThe Zhengzhou facility is the world’s largest iPhone assembly site.
☆ iPhone factory workers in China offered bonuses by Foxconn to return to work
  + stars: | 2022-11-08 | by ( Diksha Madhok Irene Nasser Arnaud Siad | Diksha Madhok | Irene Nasser | ) edition.cnn.com   time to read: +2 min
New Delhi CNN Business —One of Apple’s largest suppliers is trying to strike a delicate balance in China. Foxconn’s statement came just a day after Apple said it expects iPhone 14 shipments to be hit by China’s Covid curbs, which have “significantly reduced capacity” at the Zhengzhou facility, the world’s biggest iPhone factory. “The epidemic has disrupted our work and life, but… the company has achieved milestone results in the current epidemic prevention measures,” Foxconn said on its Zhengzhou recruitment WeChat account on Monday. New workers will be offered a salary of 30 yuan ($4) per hour, according to the post. Last Wednesday, Chinese authorities imposed a seven-day lockdown on the manufacturing zone that houses the Foxconn plant.
☆ China zero-Covid: Workers flee Zhengzhou iPhone factory
  + stars: | 2022-11-01 | by ( Diksha Madhok Michelle Toh | Diksha Madhok | Michelle Toh | ) edition.cnn.com   time to read: +3 min
New Delhi CNN Business —Foxconn, one of Apple’s largest suppliers, is wrestling with major disruption at its biggest iPhone assembly factory in China, as anxious workers reportedly flee the facility, according to social media videos. “[We] fully understand your eagerness to go back home,” Foxconn told its employees over the weekend, according to a post on Zhengzhou government’s official WeChat account. The Zhengzhou campus is the world’s biggest iPhone factory and typically accounts for as much as 85% of iPhone assembly capacity, according to Lam’s estimates. State media has said that many Foxconn workers are among those walking miles to escape the city. While these disruptions will impact iPhone production in the near term, analysts say it may not dent Apple’s iPhone shipments in the key holiday season.
☆ Workers in China flee major iPhone factory amid Covid curbs
  + stars: | 2022-10-31 | by ( ) www.nbcnews.com   time to read: +3 min
Late on Saturday, cities near Zhengzhou, including Yuzhou, Changge and Qinyang, urged Foxconn workers to report to local authorities in advance before heading home. Apple did not immediately reply to a Reuters request for comment on the Foxconn situation. Photographs and videos circulating on Chinese social media since Saturday showed Foxconn workers, apparently returning home, trekking across fields in the day and along roads at night. In a show of support, residents in the vicinity left bottled water and provisions next to roads with signs such as: “For Foxconn workers returning home,” according to social media posts. “Some people were walking amid wheat fields with their luggage, blankets and quilts,” one user on WeChat, a popular social media platform, wrote about the images.
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