HNHAF - Apple suppliers in China reportedly struggling to find iPhone workers

Apple (NASDAQ:AAPL) suppliers in China including Foxconn (OTCPK:HNHAF) are reportedly raising their starting bonuses to attract more workers ahead of the iPhone 13 launch this fall. South China Morning Post sources say Foxconn has raised its new hires bonus to about $1,578 for workers who stay for at least 90 days in its integrated Digital Product Business Group, which handles iPhone assembly. Foxconn had previously raised the bonus on July 23. China houses more Apple (AAPL) suppliers than any other country and the region is reportedly experiencing a shortage of young people who want to work in manufacturing. Last week, Apple (AAPL) reported upside earnings driven by strong iPhone sales. CEO Tim Cook warned that the global supply chain constraints will likely have a negative sales impact on the smartphones in the current quarter.

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Apple suppliers in China reportedly struggling to find iPhone workers