Foxconn International Removed From Hang Seng Index 91
Posted
by
timothy
from the see-fellas-there's-this-thing-called-goodwill dept.
from the see-fellas-there's-this-thing-called-goodwill dept.
Tasha26 writes "After the suicides and fatal explosion, the Taiwanese company Foxconn now faces losing its blue-chip status. Falling prices for smartphones, laptops, tablets and other gadgets and rising wages in China have undermined Foxconn's financial performance. The company lost $220m (£135m) in 2010. Foxconn International will be removed from Hong Kong's benchmark Hang Seng index and be replaced by insurer AIA and nappy maker Hengan. The two new entrants use China both as a source of cheap labour and as a market for their product, a switch which Foxconn is now considering."
Nappy? (Score:1, Funny)