FILE PHOTO: People walk past a Huawei store in Shenzhen, Guangdong province, China, July 10, 2019 at the latest. REUTERS/Stringer
HONG KONG (Reuters) – as Flex Ltd. FLEX.D), a contract manufacturer for the Smartphone, which has been locked in a dispute with the Chinese tech giant that, in the course of the approximately $100 million in assets, said the market has been an influence on some of her duties in the Asian country.
The Chinese financial magazine Caixin reported late Sunday that a more than 10,000-Flex-jobs-in-China-were expected to be cut, as two major factories in Changsha and Zhuhai retired from work as a result of the line Smartphone.
While declining to comment on the report, and a Flex-a spokesman said: “following a careful evaluation of the market situation and the needs of the customers, we offer the affected employees jobs in the Flex-Zhuhai Industrial Park and other Flexible locations.
He declined to say how many employees were affected, but did not deny it was a time of rest. A Flexible resource, said the company employs about 50,000 people in China, with Operations in the largest base.
Huawei last month said the Flex had been withheld about 700 million yuan ($100 million) worth of Huawei’s goods, in the Zhuhai plant after Washington puts Huawei on a trade black list in mid-May, with a loss to the Chinese company.
At the time, Flash was said to be “active” with a Smartphone “to find a mutually acceptable way forward”, after a partnership which was recently affected by the unexpected challenges that are a result of the U.S.-China trade situation.
Dual-headquartered in the United States and Singapore, the Flex is one of the world’s largest electronics manufacturers, and will compete at the Foxconn Technology (2354.K) the provision of manufacturing services for Huawei products such as smartphones and 5G base stations.
($1 = 7.0301 Chinese yuan)
Reporting by Sijia Jiang; Editing by Brenda Goh and Himani sarkar