Foxconn, the company responsible for manufacturing Apple’s iPhone has put a freeze on hiring. According to the report from Financial Times, the move was a result of slowing production and reduced orders for the iPhone 5. The Wall Street Journal seems to have a different take on the story, quoting a higher than usual employee return rate following the Lunar New Year holiday as the cause of the freeze.
Louis Woo, a spokesperson for Foxconn says they haven’t set an expiration date for the freeze. The earlier report from Financial Times said the freeze would last until the end of March. Woo said that 90% of workers returned from the holiday, a higher than usual number.
Clearly there is a freeze, but it remains to be seen if that’s due to a higher return rate, sluggish sales or both. It could also indicate that perhaps a new product is in the pipeline, with a planned slow down in place in advance of the iPhone 5S.