Finally, Hongfujin (Precision Electronics Chengdu Co. Ltd.) announced it would close down. On September 30, this Foxconn subsidiary in Hengyang City will officially shut its doors. The announcement was calm and measured, citing the impact of the market environment and strategic adjustments from key clients. In simpler terms, Foxconn followed Apple’s lead and moved its production capacity to places where labor is cheaper. The company, which landed in Hengyang in 2012, was once a shining star. At its peak, it had an annual output value of over 12 billion yuan and set a logistics record by shipping directly from Hengyang to the U.S. in 72 hours. For five consecutive years, it topped Hengyang’s tax list. At its peak, it employed 20,000 to 30,000 workers. However, after industrial upgrades and the installation of robotic arms, the workforce reduced to 14,000 by 2020. As Apple’s orders shifted to Vietnam, the workforce further shrank to fewer than 5,000 in 2023. In 2024, Apple completely removed the company from its supply chain, leaving only 236 employees to handle asset liquidation and machine maintenance. By the end of this month, September 30, even these last 236 workers will lose their jobs. A survey shows that only 28% of employees over 45 in the original factory found new employment, and the local housing vacancy rate has soared to 44%. The Foxconn that was once warmly welcomed and offered land at no cost has now ultimately departed.
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