Apple factory unrest takes toll on Taiwan's Foxconn

In November, Foxconn's revenue was down 11% compared to the same month in 2021, due to unrest at the world's largest iPhone factory.

It says that the plant in Zhengzhou, China is affected by coronavirus restrictions.

Its revenue was 29% down compared to October, despite making a record 5.9 trillion New Taiwan Dollars 160 billion from January to November.

That is an increase of 13.5% compared to the same period in 2021.

The electronics manufacturer that makes game consoles such as the PlayStation 5, cited strong sales and better components supply as the reason for its growth, and blamed the drop in November on coronavirus restrictions.

The epidemic has been brought under control with November being the most affected period, according to a statement from the company's headquarters in Taiwan.

Foxconn has faced discontent among its workers in the factory, and has tried to find new employees by offering a 1,000 yuan 117 bonus to people who recruit a friend or family member.

Since then, China has changed its Covid stance and moved to relax some virus restrictions despite high daily case numbers.

Dozens of districts in Guangzhou and Shanghai were released from lockdown measures at the beginning of December.