MacBook Pro maker Quanta pays rioters to stay at factory

Apple MacBook Pro supplier Quanta has said that its profits halved in Q2 2022, following riots at its plants and, reportedly, greatly increased pay to staff.Quanta's Shanghai plant saw not one but two riots in May 2022. They were in response to China's severe COVID lockdowns that halted production and at times also kept staff from their own dormitories.According to Reuters, while the company's latest earnings report does not specify details, there is visible impact from the events of 2022 to date. With the lockdowns and riots affecting production, Quanta profits were halved. Read more...