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Foxconn offering staff retention bonuses as it ramps up hiring for this year’s iPhones

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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Avatar for Ben Lovejoy Ben Lovejoy

Ben Lovejoy is a British technology writer and EU Editor for 9to5Mac. He’s known for his op-eds and diary pieces, exploring his experience of Apple products over time, for a more rounded review. He also writes fiction, with two technothriller novels, a couple of SF shorts and a rom-com!


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