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Market Chatter: Apple Supplier Foxconn Asked About Hiring Practices in India
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Market Chatter: Apple Supplier Foxconn Asked About Hiring Practices in India
Jul 3, 2024 6:09 AM

08:30 AM EDT, 07/03/2024 (MT Newswires) -- Apple's ( AAPL ) major supplier Foxconn was asked about its hiring practices by Indian labor officials who visited a Foxconn factory in southern India, Reuters reported Wednesday, citing Regional Labor Commissioner A. Narasaiah.

Narasaiah told Reuters that a team of five members from the federal government's regional labor department visited the facility near Chennai in Tamil Nadu state on Monday and spoke to company directors and human resources officials.

The visit was made after Prime Minister Narendra Modi's government asked officials to provide detailed reports of alleged discrimination at the Foxconn factory, according to Reuters.

Narasaiah said the company executives denied any discrimination. Foxconn was asked to submit documents like recruitment policies as well as evidence of compliance with labor laws and information on maternity and retirement benefits, Reuters reported.

Apple ( AAPL ) and Foxconn did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 219.61, Change: -0.66, Percent Change: -0.30

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