(Bloomberg) — Foxconn Technology Group may delay its timeline for hiring workers at its new Wisconsin plant, adding to mounting gloom over the state of the technology industry and global trade.
The biggest assembler of Apple Inc.’s iPhones, known as Hon Hai Precision Industry Co. in Taiwan and Asia, said it has “adjusted” the timeframe for recruitment and hiring at its $10 billion manufacturing facility in the U.S. state.
“While Foxconn remains committed to creating 13,000 jobs in Wisconsin, we have adjusted our recruitment and hiring timeline,” the company said in a statement Friday. “We need to have the agility to adapt to a range of factors, including global economic conditions.”
The company, which set up its North American headquarters in Milwaukee, said the factory has already created more than 1,000 jobs since it broke ground in June. Foxconn didn’t immediately respond to a request for comment.
The announcement comes amid mounting signals demand for Apple’s iPhone is flagging. Apple is said to plan hiring cutbacks for some divisions while Foxconn was said to have cut 50,000 contract workers at its most important iPhone factory at Zhengzhou, China, since October, according to a Nikkei report.
To contact the reporters on this story: Debby Wu in Taipei at [email protected];Samson Ellis in Taipei at [email protected]
To contact the editors responsible for this story: John Liu at [email protected], Linus Chua, Reed Stevenson
For more articles like this, please visit us at bloomberg.com
©2019 Bloomberg L.P.