Foxconn ‘gradually moving’ toward restoring normal production capacity

The company said, "Since the outbreak of the epidemic in October, we have been in close contact and cooperation with the local government and customer. In compliance with the official epidemic prevention policy, safeguarding employees’ health and ensuring safe production has always been the primary operating principle that the company adheres to. We are making every effort to protect the rights and interests of employees, so that current employees and new hires receive the best care to get through this epidemic together. At present, the overall epidemic situation has been brought under control with November being the most affected period by the epidemic. In addition to re-allocating production capacity of different factories,we have also started to recruit new employees, and are gradually moving toward the direction of restoring production capacity to normal. The outlook for the fourth quarter is expected to be roughly in line with the market consensus." The company also reported November revenue down 11.4% year-over-year. Reference Link