Foxconn confirmed the closure of its Chennai operations from February 10.The firm had announced the suspension of its operations in the plant from December 24, 2014, citing falling orders. About 1,306 workers are affected due to the closure.
“Subsequent to this action (December 24), the company worked with the government and employee representatives to reach an amicable compensation arrangement that follows all applicable laws and regulations and is fair to all parties. A settlement for severance was concluded with employee representatives on February 12, 2015, and based on that agreement, the last day of employment for all employees of FIH India Private Limited was February 10, 2015,” FIH Mobile Ltd., the handset arm of Foxconn said in an emailed statement.
The company’s facility in the Nokia Special Economic Zone, Chennai, officially closed its operations on February 10, it added.
Foxconn, also known as Hon Hai Precision Industry, is the world's largest contract electronics maker and a major supplier to Apple.
