China Beat is following the Foxconn-Apple relationship with accusations of Apple dropping Foxconn coming from the Wall Street Journal to the latest analysis that shows Apple can’t just leave Foxconn without taking a substantial hit in manufacturing costs. Even though Pegatron is making some iPads, Bernstein Research shows any shift away from Foxconn as a supplier to Apple would take 2 to 3 years to accomplish.
It has been a tough year so far for Foxconn. With 12 employee suicides and the latest news of significant first half losses, 2009 is shaping up to be a year the company would likely want to forget. Hoping to leave this past behind, the company now has plans to shift its coastal operations inland. BON’s Kelda Yuen has more on Foxconn’s next move and what the decision means for the company and its workers.
As we've reported here on Beyond the Headlines, Foxconn, a massive Taiwanese company that manufactures products for a number of the world's most well-known electronics companies - including HP, Apple, and Dell - has been rocked by a string of suicides in its Mainland China factories.
The company claims to be doing its best to keep its workers happy and healthy, but since our report last week, there have been another three confirmed suicide attempts, bringing the total for the month of May to seven, the most of any month so far this year.