Business Maverick: Foxconn offers staff $1,400 to leave after iPhone city violence

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Foxconn Technology Group has begun offering 10,000 yuan (R23,700) to any workers who choose to leave, an unusual decision intended to appease disgruntled new hires who played a central role in violent protests that rocked the world’s largest iPhone ...

“We have Apple team members on the ground at our supplier Foxconn’s Zhengzhou facility,” the US company said in a statement. “We are reviewing the situation and working closely with Foxconn to ensure their employees’ concerns are addressed.”

The protest started overnight over unpaid wages and fears of spreading infection. Several workers were injured and anti-riot police arrived on the scene toThe plant had resumed normal operations by Wednesday evening, Foxconn said in a statement. But the protests underscored how Xi’s policy, which relies on swift lockdowns to stamp out the disease wherever it pops up, is increasingly weighing on the economy and throwing swathes of the global supply chain into disarray.

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