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It's incredibly interesting to me that a share price in an US company can plunge just because their manufacturer in China had some surprisingly low employee chu
by chiaro 14y ago
It's incredibly interesting to me that a share price in an US company can plunge just because their manufacturer in China had some surprisingly low employee churn.
- kbar13 14y agoit's not because of the low employee "churn", it's because Foxconn has put a freeze on hiring. People see "hiring freeze" and instantly associate that with slowing down production or growth.
- seanmcdirmid 14y agoAgain CNY. Usually during CNY, a lot of your employees don't come back, so everyone expects high churn around now. Except more old FoxCon employees came back than expected, so they were probably hiring more people than they thought they needed. So full stop on hiring. Makes sense given the way the migrant worker labor market works here.
- jhancock 14y agoAs near as I can tell, the author doesn't seem to understand the import of Chinese New Year. Happens ever year. No news here.
- greenyoda 14y ago"It's incredibly interesting to me that a share price in an US company can plunge just because their manufacturer in China had some surprisingly low employee churn." Not surprising at all. Stock prices frequently rise and fall dramatically due to rumors that are completely baseless. This one, at least, has some facts behind it (which may or may not have been interpreted correctly).
- deleted 14y ago[deleted]