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TAIPEI – The China Economic News Service is reporting Foxconn is considering layoffs of up to 10 to 15% of its staff by year-end.

A layoff in that range translates to 60,000 to 90,000 staff, based on Foxconn’s reported employment figures.

The company regularly evaluates personnel and has laid off about 5% of its staff annually for the past several years, Foxconn spokesperson C.A. Ting is quoted as saying. However, it’s unclear how many of those layoffs are due to cost containment versus worker competency.
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