Re:Is Foxconn Fleeing China? Sure Looks Like It
by chiaro on Monday February 25, 2013 @12:38AM
(#5277489)
It's incredibly interesting to me that a share price in an US company can plunge just because their manufacturer in China had some surprisingly low employee churn.
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Re:Is Foxconn Fleeing China? Sure Looks Like It
by greenyoda on Monday February 25, 2013 @03:34AM
(#5277920)
"It's incredibly interesting to me that a share price in an US company can plunge just because their manufacturer in China had some surprisingly low employee churn."
Not surprising at all. Stock prices frequently rise and fall dramatically due to rumors that are completely baseless. This one, at least, has some facts behind it (which may or may not have been interpreted correctly).
Re:Is Foxconn Fleeing China? Sure Looks Like It
by kbar13 on Monday February 25, 2013 @12:53AM
(#5277533)
it's not because of the low employee "churn", it's because Foxconn has put a freeze on hiring.
People see "hiring freeze" and instantly associate that with slowing down production or growth.
Re:Is Foxconn Fleeing China? Sure Looks Like It
by seanmcdirmid on Monday February 25, 2013 @06:16AM
(#5278352)
Again CNY. Usually during CNY, a lot of your employees don't come back, so everyone expects high churn around now. Except more old FoxCon employees came back than expected, so they were probably hiring more people than they thought they needed. So full stop on hiring. Makes sense given the way the migrant worker labor market works here.