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Foxconn hiring to the tune of 10 000 a week on a ramp-up towards the next iPhone

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Foxconn hiring to the tune of 10 000 a week on a ramp-up towards the next iPhone
Foxconn's hiring freeze that was imposed in February, after Apple issued lower guidance for the post-holiday quarter, has apparently been lifted, and the electronics assembler is hiring full bore now again, as was noticed recently.

A "person familiar with the plans" claims that this hiring spree has something to do with the impending launch of the iPhone 5S, and, indeed, if Apple is to release the next-gen iPhone in the summer, it usually ramps up production in the spring, so it can fill shelves with the device immediately after announcement.

Foxconn is hiring to the tune of 10,000 shift workers a week, and its Zhengzhou facility currently employs 250,000-300,000 workers, though the gadget assembler didn't specify for which products is the ramp-up, when asked for comment.

source: Bloomberg

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