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iPhone maker Foxconn hacked by mysterious ‘Swagg Security’ group

A mysterious new group of hackers calling themselves “Swagg Security” claimed this week that they had hacked iPhone and Xbox 360 manufacturer Foxconn, a Chinese factory complex known for its harsh working conditions. The hackers were able to gain access to every single employee’s secure network credentials, publishing them online…

Foxconn to ‘lay off 600 people’ in Slovakia

BRATISLAVA — Taiwanese electronics company Foxconn will lay off 600 people in its Slovak plant where it makes LCD televisions for Sony due to low demand, Slovak business daily Hospodarske noviny reported on Monday. “The unfavourable situation in the LCD television sector in the global and European markets has had…

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