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"Due to an unprecedented rate of return of employees following the Chinese New Year holiday compared to years past, our company has decided to temporarily slow down our recruitment process," the company said in a statement.
"This action is not related to any single customer and any speculation to the contrary is false and inaccurate."
Like other Chinese contract manufacturers, Foxconn, the trading name of Taiwan's Hon Hai Precision Industry Co Ltd, relies on a large number of migrant laborers from across the country who journey home for the most important holiday of the year. Many do not make it back to work, but Foxconn spokesman Louis Woo said this year they saw as many as 97 percent of employees return.
The return rate mentioned by Foxcon is not about iPhones, it is about workers...