iPhone maker Foxconn entices angry workers in China to return as Apple faces supply crunch
KEY POINTS Foxconn is offering big bonuses to entice workers back to its Zhengzhou, China factory after labor unrest. Evercore ISI analysts said that iPhone demand could be affected by 5 million to 8 million units in the December quarter as a result of the disruptions. Foxconn said on Tuesday that it will give a 500 yuan ($70) payment to returning workers, a 3,000 yuan bonus for those who stay more than 30 days and a 6,000 yuan January bonus. In this article 2317-TW UNCH AAPL -0.03 (-0.02%) Follow your favorite stocks CREATE FREE ACCOUNT Foxconn workers at Taiwanese firm’s Zhengzhou, China factory, walked out over a pay dispute with the company. The Zhengzhou factory is estimated to account for more than 70% of Apple’s global assembly of iPhones. Jakub Porzycki | Nurphoto | Getty Images Foxconn is offering big bonuses to entice workers back to its Zhengzhou, China factory after labor unrest over a pay dispute saw employees walk out, threatening to leave Apple with a shortfall of i