iPhone Assembler Foxconn Moves to Limit Plant Disruption as Shares Slide
Foxconn Technology Group’s main listed arm fell as much as 2.4% Monday after reports of workers leaving a Covid-stricken iPhone-making campus in China stirred concerns about worsening disruption.
Social media erupted over the weekend with photos and videos of workers departing Apple Inc.’s biggest iPhone plant, some on foot, to return to hometowns miles away. They were seeking to escape hastily enacted Covid-prevention measures that have left many of the 200,000 staff grappling with inadequate living conditions. Other videos depicted local residents offering food and shelter to some of the departing staff.