News

SHENZHEN Foxconn was again in the news with a proactive move aimed at addressing labor practice issues. They announced that the company would sign open-ended labor contracts with employees who have worked for the company for a minimum of eight consecutive years. Workers with less tenure may also qualify for long-term contracts.

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FOREST GROVE, OR -- Merix Corp. will restate its first-quarter net loss due to several accounting errors in its fiscal first-quarter financial report. In an SEC filing, the PCB maker said the restatement will up its first-quarter net loss by five cents, to a total of 17 cents per share.

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