ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

Foxconn steps up job cuts amid soft iPhone demand

Key supplier Career also reduces contractors to reflect tough outlook

Foxconn Chairman Terry Gou is well-known for eliminating costs and his longer-term goal is to reduce head count in a shift toward automation.   © Reuters

TAIPEI -- Lackluster demand for iPhones is taking its toll on jobs at key Apple suppliers, with many accelerating cost-cutting plans to prepare for an expected downturn in 2019.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more