if you stay 30 days, you will receive a bonus of 3,000 yuan, and if you work more than 23 days, you will receive another 6,000 yuan in January. Foxconn and Apple have launched a series of additional payments and incentives after violent protests erupted over lockdowns imposed on factories to curb a rise in Covid infections. Over the weekend, the two companies announced they would pay up to 13,000 yuan per month in December and January for full-time employees who joined the company before early November. Apple faces iPhone 14 Pro shortages during the critical holiday season due to production issues in China. We estimate it will decrease by about 6 million units. Phones start at around $1,000, suggesting that could mean at least $6 billion in lost revenue. The situation at the complex known as iPhone City is still ongoing, and the amount of production lost due to the situation could change. It all depends on how quickly Foxconn can get people back on the assembly line after the protests. The massive complex will house more than 200,000 workers during peak iPhone production seasons. But thousands left after Foxconn offered its youngest employees $1,400 each in severance pay to fire disgruntled employees.
