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> Foxconn Technology Group sent Apple Inc. stock reeling on Wednesday. Shares plunged 2.4% on reports that the world’s largest contract manufacturer of electro
by confluence 14y ago
> Foxconn Technology Group sent Apple Inc. stock reeling on Wednesday. Shares plunged 2.4% on reports that the world’s largest contract manufacturer of electronics—and Apple’s largest assembler—had imposed at its Chinese plants a hiring freeze lasting until at least the end of next month.
Sigh. Daily movements in short term market liquidity do not a causation of disparate events make. Movements happen in stock markets everyday for no apparent reason - and using these to buoy your point just shows you how you don't understand financial markets.
- seanmcdirmid 14y agoI heard Foxconn was able to offer decent salaries and got all their new hires in pretty early at the start of the post-CNY hiring season. All their competitors are hurting for workers now, the workers have raised their expectations (if Foxconn can over X, why can't you?) and now there are labor shortages in the Pearl/Yantze manufacturing areas.