From Breakingviews - Foxconn is stuck between rock and hard place
daily bonuses earlier this month to lure new hires after staff fled. Workers have been upset after being forced to live in difficult conditions designed to stamp out Covid-19 infections.
Analysts at Wuhan-based Tianfeng Securities hint at the practical problems to resolving the mess. On a field trip to Zhengzhou this week, they say the city’s partial lockdown meant they had to walk over 10 miles on foot to the chaos-hit factory. In every way, manufacturers in China face a long and bumpy road to recovery if they try to please both their workers and Beijing.
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