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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.

Foxconn, the biggest iPhone assembler, aims to cut up to 100,000 personnel by the end of this year, as it steels itself for a tougher 12 months ahead, a source familiar with the plan told the Nikkei Asian Review.

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