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Foxconn to redeploy staff for cost control

Published: 28 Nov 2008 02:34:51 PST

Nov. 28, 2008 (China Knowledge) - Taiwan-based manufacturer of electronics and computer components Foxconn International Holdings<2038>, said it plans to cut costs by redeploying 5% of its frontline workers and 10% of management in Shenzhen, as it faces a decline in orders fueled by the global financial turmoil and economic recession, sources reported.

According to the world's biggest mobile phone contract maker, it would provide compensation to workers who leave voluntarily and give them priority in rehiring when the market situation improved.

However, some Foxconn workers regarded the redeployment as a ploy to force them to resign.

Last month, mainland newspapers said Foxconn planned to slash hundreds of workers but company spokesman Vincent Tong denied the report saying the company was working on cost-control measures.

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