Pressclubofindia, Indian Tehalka News
Taiwanese firm Foxconn, which made mobile phone panels for Nokia, has announced that it will be suspending its operations at its Sriperumbudur plant near here from December 24. Around 1,700 employees will be affected by this move.
Foxconn’s Indian unit FIH India Pvt. Ltd., was heavily dependent on Nokia for its businesses. The company started bleeding after Nokia slowly started cutting down production. Crying foul, Foxconn gave the VRS option to many of its employees like Nokia.
A statement from FIH Mobile Ltd, says, “We can confirm that our India operation, FIH India Private Ltd., will be suspending all operations at our manufacturing facility in Chennai effective December 24. This action is being taken due to a change in that facility’s customer base and a related change in the manufacturing requirements of our customers in India.” “We are working with the government and the labour unions to ensure that this action is carried out in a manner that follows all laws and regulations and is fair to the employees who will be affected by this move,” the statement added.
From : The Hindu