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In late November, protests erupted at the world s largest iPhone factory in central China as authorities at the Foxconn plant struggled to contain a COVID-19 outbreak while maintaining production ahead of the peak holiday season. ....
Most of the employees that left the Apple iPhone maker Foxconn's China plant were new hires and had not started working on the production line. The company had earlier planned to resume full production by the end of November. ....
China in the last week. local officials say today s deadly fire may have started with a spark from a power strip in a bedroom of one of the 15-floor apartments. also in china, we re following violent protests at the world s largest apple iphone factory. china is seeing a record number of covid cases and workers clash with police. in china, a lockdown is a lockdown. working conditions are also dismal and sharing rooms with colleagues who tested positive for covid and not receiving proper sick pay from the company. janis mackey frayer is in beijing with the latest. reporter: china s government tried tweaking its policy to help the economy here. but with cases at a record high, they re bearing down again with quarantines, lockdowns and mandatory testing. consumers in the u.s. are going to feel it. ....
Reviewing the situation and working closely with foxconn to ensure their employees concerns are expressed. apple warned earlier this month of output because of lingering problems there. foxconn confirms it s giving $1,400 severance to any of those new hires who want to leave and that s posing a fresh setback ahead of what should be a busy retail season for apple. thank you so much. there are finally some signs that inflation which is putting major economic pressure on millions of american families could be easing in the coming months. there are signs from the latest federal reserve meeting that the pace of interest rate hikes will begin to slow down just a few weeks after we saw the crisis we re all paying for goods start to fall. joining us now is a professor of economics at florida ....