Worker Violence Closes Foxconn Factory
Foxconn International Holdings closed its Taiyuan, China, plant earlier today after a disturbance involving hundreds of people spun out of control, according to The New York Times and Reuters. The latter organization reported that about 2,000 workers were involved in a "brawl" at a company dormitory.
The cause remains unclear. Company officials have said a "personal dispute" escalated. The northern Chinese plant employs around 79,000 people, and has been closed for investigation until further notice.
The Taiwan-based company is the main manufacturer for major technology corporations including Apple, Dell, Microsoft, Hewlett-Packard, Intel, Cisco, and Nokia. Foxconn has a long and complicated history of labor rights infractions, and recently was taken to task for its use of interns to meet high short-term demand for the iPhone 5 rollout.
The article Worker Violence Closes Foxconn Factory originally appeared on Fool.com.Fool contributor Justin Loiseau owns shares of Apple. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.The Motley Fool owns shares of Intel, Apple, Microsoft, and Cisco Systems.Motley Fool newsletter serviceshave recommended buying shares of Microsoft, Intel, and Apple.Motley Fool newsletter serviceshave recommended creating a synthetic covered call position in Microsoft.Motley Fool newsletter serviceshave recommended creating a bull call spread position in Apple. The Motley Fool has adisclosure policy.We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.