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Covid restrictions hit Foxconn company

Foxconn has faced discontent among its workers in the factory, and has attempted to find new employees by offering a 1,000 yuan (£117) bonus to people who recruit a friend or family member. After mass protest in China, China has signalled a shift in its Covid stance and moved to ease some virus restrictions, despite high daily case numbers. Foxconn says its revenue in November is down 11% compared to the same month in 2021, following unrest at the world’s largest iPhone factory. Do you think the company will recover after easing of Covid-19 restrictions ?

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