12
Jul
Foxconn, the primary assembler of iPhones for Apple, is reportedly increasing wages and offering substantial bonuses to attract workers for the production of the upcoming iPhone 16. This move comes amid ongoing challenges in securing a sufficient workforce at its Chinese facilities. One of the production floors in Foxconn factory at Shenzhen. Photo: Wikipedia. The decision to boost compensation packages reflects a strategic shift by Foxconn to address labor shortages that have plagued the company in recent years. Factors such as changing demographics, rising wages in other sectors, and improved working conditions elsewhere have made it increasingly difficult to recruit…
