tiprankstipranks
Apple seeking India labor reform to expand local production, Bloomberg reports
The Fly

Apple seeking India labor reform to expand local production, Bloomberg reports

Apple (AAPL) lobbied for changes to India’s labor law in the Tamil Nadu state, where Foxconn (HNHPF) has its largest iPhone plant, to help expand local production, Bloomberg’s Sankalp Phartiyal reports. According to people familiar with the matter, Tamil Nadu is considering passing new rules that will make factory shifts more flexible, bringing local working hours on par with the iPhone factories in China. The moves are part of Apple’s effort to shift more production away from China to countries including India. Reference Link

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on AAPL:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles