According to a Chinese news site, electronics manufacturer Foxconn is closing its China-based factories—including the Shenzhen location which has been scrutinized over rampant employee suicides. This could mean that up to 800,000 workers would lose their jobs
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According to the yet-to-be-confirmed report by ON.CC, Foxconn is withdrawing from China because it intends to shift its focus onto factories in Taiwan, Vietnam, and India. [ON.CC via Register]
Photo of Foxconn factory from prior article, not from this news report.
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DISCUSSION
Labor is not the only factor here guys, infrastructure and availability of raw materials also crucial for such factory's productivity which Vietnam can not offer at this time. They don't even have an international shipping port for crying out loud.