Apple Supplier Foxconn Posts Surprise Rise in Quarterly Profit 

The Foxconn logo is seen in this illustration taken, May 2, 2023. (Reuters)
The Foxconn logo is seen in this illustration taken, May 2, 2023. (Reuters)
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Apple Supplier Foxconn Posts Surprise Rise in Quarterly Profit 

The Foxconn logo is seen in this illustration taken, May 2, 2023. (Reuters)
The Foxconn logo is seen in this illustration taken, May 2, 2023. (Reuters)

Apple Inc supplier Foxconn reported on Tuesday a surprise 11% increase in third-quarter profit, boosted by strong demand for smart consumer electronics ahead of the year-end holiday shopping season in Western markets.

The Taiwanese company, the world's largest contract electronics maker, said net profit for the July-September quarter rose to T$43.1 billion ($1.3 billion) from T$38.8 billion in the same period the previous year.

The profit beat a T$34.5 billion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.

Foxconn said revenue for the fourth quarter would slightly decline year on year, but did not give a reason and maintained its outlook for full-year revenue to also slightly decline.

The world's biggest assembler of iPhones said it expects revenue for its smart consumer electronics division, which includes smartphones, to also fall slightly in the fourth quarter. The division makes up about half of Foxconn's total revenue.



Amazon Must Comply with US Agency's Pregnancy Bias Probe, Judge Rules

FILE PHOTO: The logo of Amazon is seen at the company logistics center in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo
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Amazon Must Comply with US Agency's Pregnancy Bias Probe, Judge Rules

FILE PHOTO: The logo of Amazon is seen at the company logistics center in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo

A New York federal judge has ordered Amazon.com to comply with a subpoena from a US civil rights agency investigating claims that the online retailer discriminated against pregnant warehouse workers.

US District Judge Lorna Schofield in Manhattan late Thursday rejected Amazon's claims that the Equal Employment Opportunity Commission (EEOC) subpoena was too broad and sought irrelevant information.

The EEOC is seeking data on requests that pregnant workers at five US warehouses made for accommodations such as limits on heavy lifting and additional breaks, and whether Amazon granted or denied them, Reuters reported.
The commission's probe was prompted by complaints from five women who say they faced pregnancy discrimination while working at Amazon warehouses in New Jersey, Connecticut, North Carolina, and California.

Amazon provided the EEOC with more than 200,000 pages of data in response to the subpoena, but not the specific information requested by the agency, according to court filings.

Schofield in her ruling said the information sought in the subpoenas was necessary for the EEOC to determine whether Amazon engaged in illegal discrimination. The judge gave Amazon until Aug. 9 to comply with the subpoena.

Amazon did not immediately respond to a request for comment on Friday. An EEOC spokesman declined to comment.

In 2022, a New York state agency filed an administrative complaint accusing Amazon of requiring pregnant and disabled warehouse workers to take unpaid leaves of absence, even if they were capable of working, instead of providing accommodations. That case is pending.

Amazon has denied wrongdoing and said it strives to support it workers, but acknowledged in a statement responding to the New York complaint that "we don't always get it right."

The EEOC launched its probe last year and issued a subpoena seeking five categories of information, including data on accommodations Amazon provided to warehouse workers with disabilities. At the time, federal law only required companies to provide the same accommodations to pregnant workers that they gave to employees with disabilities.

A law passed later last year mandates that employers accommodate workers' pregnancies regardless of how they treat workers with disabilities.