TAIPEI (Reuters) - Foxconn Technology Group said it will shift its China retailing focus to online sales after a joint venture with German retailer Metro AG failed to gain traction in stiff competition among large consumer electronics stores. Full story
TAIPEI/NEW YORK (Reuters) - Apple Inc's manufacturing partner Foxconn Technology Group has frozen hiring at a Shenzhen plant that makes gadgets including the iPhone 5 and put the brakes on recruiting for other factories across China, but said the move was not linked to any single client. Full story
Abhey Lamba, Mizuho Securities analyst, weighs in on Foxconn's decision to "temporarily slow down" their recruitment process.
People walk past a closed job centre of Foxconn factory in the township of Longhua in Shenzhen, Guangdong province February 21, 2013. REUTERS/Tyrone Siu
A worker leaves a Foxconn factory in the township of Longhua in Shenzhen, Guangdong province February 21, 2013. REUTERS/Tyrone Siu
Workers walk out of the entrance to a Foxconn factory in Chengdu, Sichuan province July 4, 2012. REUTERS/Stringer
Workers walk out at the gate of a Foxconn factory in the township of Longhua in Shenzhen, Guangdong province December 18, 2012. REUTERS/Tyrone Siu