Hon Hai Precision Industry Co., Ltd. (TPE:2317) also doing business as Foxconn Technology Co., Ltd. (TPE:2354) (OTCMKTS:FXCOF) is hiring 90,000 workers for its factory in Shenzen, which manufactures iPhones and iPads for Apple Inc. (NASDAQ:AAPL) as reported by Focus Taiwan News Channel based on information from sources within the supply chain.
Foxconn recruiting additional workers for Apple orders
According to sources, Honhai Precision Industry Co. Ltd (TPE:2317) is recruiting additional workers for its manufacturing facility to meet the huge orders from Apple Inc. (NASDAQ:AAPL) for its next generation iPhone, which will be launched this coming fall.
Earlier this week, it has been reported that the iPhone 6 and iPad with larger screen were tested. Apple Inc. (NASDAQ:AAPL) instructed Honhai Precision Industry Co. Ltd (TPE:2317) to ensure that the latest model of the iPhone will be ready to ship out by the end of August. The Chinese contract electronics manufacturer started its mass productions for the components of the new iPhone last month.
When asked about the report regarding its recruitment for additional workers, Honhai Precision Industry Co. Ltd (TPE:2317) refused to provide specific details. The company declined to confirm the report it launched a recruitment drive earlier this month for the production of new products from Apple Inc. (NASDAQ:AAPL). According to the company, its policy is not to discuss individual clients, but said its general practice is to adjust the number of its workforce to meet production demand.
Foxconn / Honhai Precision Industry Co. Ltd (TPE:2317) has other production facilities for Apple Inc. (NASDAQ:AAPL) products, which are located in Zhengzhou, Henan Province, Taiyuan, Shanxi Provincem and Chengdu, Sichuan Province.
Foxconn to install one million robotic arms to help workforce
Last week, the management of the Chinese contract manufacturer met with a group of employees in Shenzen regarding overtime pay and subsidies. Honhai Precision Industry Co. Ltd (TPE:2317) said its employees returned to work immediately and it has no impact to its operations. Last month, its chairman, Terry Gou said the company will install one million robotic arms over the next few years to help alleviate its workforce needs, and to provide maintenance and sales services for its retail operations.
Apple Inc. (NASDAQ:AAPL) sold 31.2 million iPhones for the June quarter this year. During the same period a year earlier, the tech giant sold 26 million iPhones. The iPhone and iPad maker generated $7.47 earnings per share on $35.3 billion revenue for the three months period. Its quarterly earnings exceeded the consensus estimates of Wall Street analysts.