Skip to content
Sunday 16 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,750.11
-0.21%
DAX
26,440.31
+0.53%
CAC 40
8,636.80
-0.16%
STOXX 50
6,539.59
-0.09%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Thursday 01 December 2022 6:14 pm

Foxconn boosts efforts to lure in staff as iPhone supply concerns mount

By: Leah Montebello

Add as a preferred source on Google
Apple Faces Shortages In iPhone Supplies Amid Turmoil In China
CHICAGO, ILLINOIS – NOVEMBER 28: A customer shops Apple products on November 28, 2022 in Chicago, Illinois. Apple is currently facing shortages in iPhone supplies due to COVID-19 restrictions in China and unrest at one of Apple’s major Chinese suppliers. (Photo by Scott Olson/Getty Images)

Apple’s iPhone supplier Foxconn has boosted efforts to lure new employees as unrest continues in the crucial Zhengzhou region.

Foxconn is now offering a 1000 yuan award (£117) to any employee that successfully refers a friend or family member to work at the plant.

This new employee will need to work at the company for more than 15 days for the referee to get a pay out, the BBC reported.

Foxconn were not immediately available to comment.

It comes after protests erupted last week across the world’s biggest iPhone factory, with videos circulating on social media of workers clashing with security over strict lockdown measures in the region and overdue pay.

Foxconn later apologised for a “technical error” in its payment system, adding that “actual pay” was guaranteed for staff.

It is estimated that around 200,000 people work at the Zhengzhou plant, with the region producing around four in five of its latest-generation handsets for Apple.

Morgan Stanley predicted earlier this month that the iPhone Pro model shortfall could hit as high as six million this year, even before the unrest broke out in the region.

An insider told Bloomberg this week that Apple and Foxconn expect to make up for these losses as they head into the new year.

Apple’s share price continues to tumble as uncertainty batters the key Christmas period. 

Read more

Invested as One: Northern Trust Grants Employees Company Stock

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Tech

Related Topics

  • Apple

Trending Articles

  • Grandparents fund university degrees to avoid inheritance tax net

  • Revolut chatbot goes rogue by charging users to cancel subscription

  • Brompton Bicycle sues former adviser for ‘professional negligence’

  • Revolut takes flight with launch of new airport lounges

  • As It Happened: Stocks dip as oil’s ‘slowing demand’ in focus; Iran threatens to extend war

More from Morning Wire

  • Invested as One: Northern Trust Grants Employees Company Stock

    Business Wire
  • Wind Point Partners Announces Final Close of Oversubscribed Fund XI at $3.2 Billion

    Business Wire
  • Northern Trust Appointed to Support Invesco’s New Index-Tracking Mutual Fund Range

    Business Wire
  • Apple sues Open AI accusing them of stealing ‘trade secrets’

    Tech
  • Qumis Launches the Industry’s First Attorney-Certified AI Agents for Commercial Insurance Coverage

    Business Wire
  • The World’s Largest AI Companies Built Deployment Arms This Year. Harbor Built One for Law

    Business Wire
  • Google backs publisher model as Apple considers price tag for news

    Media
    AI copyright laws
  • Apple gears up for fresh legal fight with government

    Lawsuit
    Apple unveils new products at recent event showcasing innovative technology and sleek design to global audience
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook