and aims to resume production even though only 10% of the workforce has returned so far, a source told Reuters.
“As a matter of policy and for reasons of commercial sensitivity, we do not comment on our specific production initiatives,” Foxconn said in a statement to Reuters. “Work there will be resumed in a staggered and orderly manner,” the person said. “But a big challenge remains after factory resumption due to the severe situation of the outbreak.”
Its shares fell as much as 2.4%, underperforming a 0.3% decline in the broader market. Foxconn has fallen more than 11% since the market reopened after the holiday break. The coronavirus epidemic – declared a global health emergency by the World Health Organization – has disrupted Chinese manufacturing and forced firms such as Hyundai Motor to halt production of cars in some factories.
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