Foxconn to hire 50,000 more employees despite big layoffs

Foxconn Technology Group, the biggest assembler of Apple Inc's iPhones, said it was planning to recruit more than 50,000 positions on the Chinese mainland in the first quarter, amid reports of mass layoffs.

The contract manufacturer indicated the reported changes in employee headcount were normal adjustments based on its global strategy and client needs, according to a statement released by Foxconn on Tuesday.

The company said it continues to promote the transformation and upgrading of industrial internet and intelligent manufacturing, and is committed to the cultivation and skills upgrading of its employees.