Author: HRK News Bureau

Demonetisation has hit business operations and jobs across sectors. However, it seems manufacturers are the worst affected, be it textiles or telecom. The mobile phone sector is facing such a huge slowdown in business that Foxconn, the electronics contract manufacturer has apparently sent some of its workers either on paid leave or has put many on the bench. As per media reports, Foxconn has asked a quarter of its 8,000 factory workers to proceed on paid leave for two weeks as the production has been slashed by 50 per cent. The company that makes devices for Xiaomi, Oppo, Gionee, Infocus,…

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