Huge staff cuts at Chinese Apple supplier raise the question: can the country’s businesses withstand a drawn-out trade war?

//Huge staff cuts at Chinese Apple supplier raise the question: can the country’s businesses withstand a drawn-out trade war?

Huge staff cuts at Chinese Apple supplier raise the question: can the country’s businesses withstand a drawn-out trade war?

O-Film Group, a major supplier of camera and touch-screen components for Apple, has reportedly laid off more than 8,000 staff at its plant in central China, adding to concerns about whether the country’s businesses can withstand a protracted trade war with the United States.O-Film made the cuts at its factory in Nanchang, Jiangxi Province, according to a report on Wednesday by Caixin, a Chinese financial news outlet.Weighed down by a gloomy market outlook for smartphones, increasingly fierce…

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By | 2019-08-01T13:00:09+00:00 August 1st, 2019|Business|Comments Off on Huge staff cuts at Chinese Apple supplier raise the question: can the country’s businesses withstand a drawn-out trade war?