iPhone assembler Foxconn is reportedly offering staff retention bonuses as it begins ramping up hiring for production of this year’s models …

Digitimes cites a local report that the bonuses on offer are to existing staff who renew their contracts for this year’s production.

Foxconn is offering one-off bonuses of up to CNY2,000 (US$295) for workers renewing their contracts, the paper said.

Foxconn is also said to be aiming to improve its margins this year. A slight year-on-year decline in iPhone sales in Q4 of last year saw some suppliers suffering, though Foxconn still managed to grow its profits.

With Apple this year expected to offer a cheaper LCD model with a design close to that of the iPhone X, 2018 is likely to be a good year for iPhone upgrades.

Photo: WSJ


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