New York, September 24 (FinanceEnquiry.com) – When an individual argument turned into a fight engaging around 2,000 personnel in a dormitory late on the night of Sunday, wounding 40 staff members, Foxconn Technology Group of Taiwan shut its Taiyuan plant today that is situated in northern China.
Deploying nearly 79,000 workers, the Taiyuan plant is the manufacturer of customer electronic components, precision moldings and electronic components of automobile. Not only this, if to believe on the statement of an employee of the plant, it is also engaged in the manufacturing of various parts and assembles that are used in iPhone 5 of Apple Inc (NASDAQ: AAPL).
Foxconn Technology informed that in a privately administered dormitory, an individual fight between a number of employees at approximately 11 p.m of last night heightened. As reported by Xinhua News Agency of the country, nearly 10 people were injured in the combat and almost 5,000 police were sent to the place where dispute began.
Foxconn Technology is known as the biggest manufacturer of electronic product around the plant and is the trading name of Hon Hai Precision Industry Co. Moreover, at its slumping plants in China employing almost 1 million personnel, Foxconn Technology faced some aggressive clashes. Today, delaying the increase of broader market of 0.1 percent, shares of Hon Hai Precision Industry were down by 1.03 percent.
The company has been expending a lot in latest months so to make the work environment better and to lift wages as it has also confronted allegations of weak conditions and maltreatment of employees at its operations of China.
New York, June 18 (FinanceEnquiry.com) – Anytime in this month, LG Optimus F3 LS720 can arrive in the mobile stores. The brand new sensation has been created in the wider and broader dimensions that...Deutsche Bank Securities Reiterates HOLD Rating on Rentrak Corporation (NASDAQ: RENT), Target Price Raised - June 17, 2013
In a research...BlackBerry Q5: to Enter Soon! - June 12, 2013
New York, June 12 (FinanceEnquiry.com) – Once again BlackBerry mobile makers are all set to release a new tech gadget - BlackBerry Q5 that is expected to enter in the mobile industry as soon as by next...Vodafone Smart III 975: Smart and Intelligent - June 11, 2013
New York, June 10 (FinanceEnquiry.com) – In view of the fact that investors weighed mixed economic statistics, oil-import figures of China and reports of oil-supply interruptions in Sudan, crude-oil futures...Deutsche Bank Securities Reiterates BUY Rating on Las Vegas Sands Corp (NYSE: LVS) - June 7, 2013
New York, June 5 (FinanceEnquiry.com) – Action in services segment of China increased in the previous month but at a rate slight changed from the month earlier, the most recent indication that second...Deutsche Bank Securities Reiterates HOLD Rating on Rockwell Collins (NYSE: COL), Target Price Raised - June 4, 2013
New York, June 5 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their HOLD rating on the shares of Rockwell Collins Inc (NYSE: COL). The 12-month target price has been raised to...Deutsche Bank Securities Reiterates BUY Rating on Plains All American Pipeline, LP (NYSE: PAA) - June 4, 2013
New York, June 4 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of Plains All American Pipeline, LP (NYSE: PAA). The 12-month target price is set to...