Millennium Post

Hit by Nokia shutdown, supplier co mulls layoffs

Uncertainty looms large over the future of the employees of the FOXCONN’s plant at Sriperumpudur as there may be lay- offs or suspension of production following poor business, CITU Sriperumpudur Unit’s General Secretary R Kannan said.

The Centre for Indian Trade Union (CITU) was recently recognised as the employee union at FOXCONN.

Revenue from the FOXCONN facility here has dwindled following the suspension of production at Nokia plant in Sriperumpudur last month, Kannan said. “About 70 per cent of our products were supplied to Nokia. Remaining 30 per cent we were exporting to China and Vietnam. Now, they say the sales has been declined and there was no business..”, the official told PTI.

When contacted, a Tamil Nadu Government official said not only FOXCONN but several ancillary units that have been supplying parts to Nokia also had seen impact on their revenue. FOXCONN officials could not be reached for comments.
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