Posts Tagged ‘factory’

Foxconn To Cut 7,000 Employees After Sharp Acquisition

fired employeeFollowing Foxconn’s USD3.5 billion acquisition of Sharp, the Taiwanese company will position the new executive team in July to accelerate …

Vietnamese Government Cancels Foxconn’s Mobile Phone Plans

The Vietnamese government is canceling plans for Taiwan-based Foxconn to manufacture mobile phones in the country. An official from the government of Vietnam revealed that their related department has cancelled the investment license issued to Foxconn Group for the construction of a USD200 million mobile phone plant in Vietnam. Nguyen Tien Hanh, head of investment […]

Chinese Microsoft Employees Reject Buyout Offer As Company Shuts Factories

Microsoft announced that they will formally shut down manufacturing plants in Beijing and Dongguan in the first quarter of 2015, which will cost over 1,000 jobs.

European Electronics Firm Trimming China Operations

European electronics manufacturing services firm Elcoteq SE has decided to launch an intense global restructuring plan that will see one of its China facilities close.

Rumor: Lenovo To Cut 200 Jobs In Beijing Headquarters

Chinese PC maker Lenovo (LNVGY) plans to cut 200 jobs in its Beijing headquarters, of which about 5% are senior managers and directors.

Hon Hai To Cut Costs With Employee Relocation In China

To broaden sources of income and reduce expenditure, Taiwan-based technology manufacturing group Hon Hai Precision Industry Company is planning to implement large-scale employee relocations to third-tier Chinese mainland cities that can offer preferential tax policies in addition to reducing its operating budget for 2009 by 20%.

Keyboard Production Site Expands In China

Oki Electric Industry Company has expanded its wholly-owned subsidiary that manufactures and sells keyboards in Kunshan and has started production at the new site.

HP To Build Second Chinese PC Plant In Chongqing

After a five-month negotiation, HP (HPQ) has signed a memorandum of understanding with China’s Chongqing Municipality to build a computer manufacturing plant — the company’s second computer plant in China following the plant in Shanghai.

Earthquake Impact: Changhong Reports 90.61% Net Profit Decline In H1 2008

Sichuan Changhong has released its financial report for the first half of 2008, which says because of the May 12 earthquake in Sichuan Province, the company’s net profit decreased by 90.61% compared with the same period of 2007.

SVA Group Invests CNY17.455 Billion To Build TFT-LCD Line In Shanghai

According to the latest released report on projects to be approved by the Ministry of Environmental Protection of China, the sixth-generation TFT-LCD production line project of Shanghai SVA Group is undergoing approval and the project is expected to start construction in September 2008.