
Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
December 7, 2022: -Apple supplier Foxconn is anticipating its Covid-hit Zhengzhou plant in China to resume total production roughly December to the beginning of January, a Foxconn source stated, following worker unrest disrupted the world’s considerable iPhone factory.
The Zhengzhou plant is grappling with strict Covid-19 limitations that have fueled workers’ discontent more than factory conditions.
Production of the Apple device was stopped ahead of Christmas and January’s Lunar recent Year holidays, with many workers having to isolate to battle the virus’s spread or flee the plant.
“The capacity is being gradually started” with new staff hiring underway, said the spokesperson.
“If the recruitment reaches smoothly, it could take nearly four weeks to resume the complete production,” the person said, which points to a period around late December to January.
According to the source, Foxconn and the local administration are working hard on the recruitment drive, but every uncertainty remains. The person cited “fears” a few workers might have regarding working for the company after the plant was reached by protests in the previous month that sometimes related to violence.
“We are firing on every cylinder on the recruitment,” the person added.
On Monday, shares of Foxconn increased 0.5%, in line with the 0.6% increase in the broader market.
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The Fort McMurray First Nation Group of Companies is the wholly owned business entity of Fort McMurray 468 First Nation. It was established in 1987 as Christina River Enterprises, and the organization rebranded as FMFN Group in 2021. Providing Construction, Custodial, Petro-Canada Fuel & Convenience Store, and Transportation services to a broad portfolio of customers, the Group of Companies is creating financial stability and prosperity for the Nation.
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