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Foxconn slows hiring in China, denies iPhone link

AFP
February 22, 2013, 4:56 pm TWN

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SHANGHAI -- Taiwan technology giant Foxconn has slowed new hiring at its vast China factories, it said Thursday, but denied the move was linked to weak demand for Apple's iPhone 5, which it produces.

“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,” Foxconn Technology Group said.

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