Delta Electronics, a producer of power components for Apple and Tesla, has cut its headcount in China by almost half, in the biggest such move to be made public by a Taiwanese electronics company in the country.
The sharp reduction comes as electronics companies are seeking to adjust to the fallout from the US-China trade war and evade soaring production costs in the world’s second-largest economy
“Our target in China is to reduce the direct labour force by 90 per cent. We are not quite there yet. We have reduced [it] by 40 per cent,” Yancey Hai, Delta’s chair, told the Financial Times in an interview.
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