Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Oppo confirms job cuts at its Turkey factory over 'rising costs'

by DAILY SABAH

ISTANBUL Jan 10, 2022 - 2:06 pm GMT+3
Laid-off employees protest in front of the Oppo factory in Tuzla, Istanbul, Turkey, Jan. 10, 2022. (IHA Photo)
Laid-off employees protest in front of the Oppo factory in Tuzla, Istanbul, Turkey, Jan. 10, 2022. (IHA Photo)
by DAILY SABAH Jan 10, 2022 2:06 pm

Releasing a statement on Monday about reported layoffs at its factory in Istanbul’s Tuzla, the Turkish arm of Chinese smartphone maker Oppo said that rumors of job cuts that have been dominating the agenda lately are true.

It said increasing costs affected their targeted production capacity at the Istanbul factory, resulting in job cuts.

“Increasing costs affected the targeted production capacity. Unfortunately, as a result, there have been some layoffs in the past few days,” it said.

In the company statement, rising raw material prices worldwide and a slowdown in production due to a shortage of spare parts were cited as reasons behind the layoffs.

“However, Turkey remains an important market for Oppo,” it added, noting that the company plans to stay in this market for the long term.

Previously, it was claimed that some 500 employees were laid off, as some workers are now protesting in front of the Istanbul factory.

The Chinese company entered Turkey with an investment of $50 million at the end of 2020.

The installation work for Oppo's production facility, which is supported through an investment incentive of the Industry and Technology Ministry, started in November 2020. The surface-mount technology (SMT) production line and all systems were installed in the factory in about three months.

The factory also enables completely knocked-down (CKD) production and is the first factory of its kind in Turkey.

Test production at the facility established in Tuzla started in March 2021 and Oppo’s first made-in-Turkey smartphone, the Oppo A15s, has been put on the market with a recommended price tag of TL 2,499 ($346) at the end of the month.

Oppo Turkey General Manager Weijian Zhou said in a statement to Bloomberg HT that they decided to invest in the region in parallel with the company's growth in Turkey.

“Oppo has been considering investing more in Turkey for a while as part of its promise to the local community. After positive discussions with officials from the Ministry of Treasury and Finance, the Ministry of Industry and Technology and the Ministry of Commerce, we made the investment decision,” he said.

According to the market research firm Canalys, Oppo ranks fifth in the global smartphone market as of 2020, after Samsung, Apple, Huawei and Xiaomi, with a 9% share.

  • shortlink copied
  • Last Update: Jan 10, 2022 4:17 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    oppo turkey chinese smartphone makers job cuts
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Percival Lugue, who has the Guinness world record for the largest fast-food toy collection, poses with his toy collection in his home in Apalit, Pampanga province, Philippines, April 20, 2021. (REUTERS Photo)

    Filipino man collects record 200,000 toys from fast-food chains

    TOY-MANIA
    Parts of the newly completed last section of the Northern Marmara Motorway, Istanbul, Turkey, May 19, 2021. (DHA Photo)

    Turkey raises speed limits on highways starting from July

    SPEED-LIMIT

    Türkiye's 1st domestic heavy-class attack helicopter starts engine

    heavy-class-attack-helicopter

    Istanbul's consulate chronicles: Sudhi Choudhary, Consul General of India

    SUDHI-CHOUDHARY
    No Image
    In photos: Clashes erupt at protest against police violence in Paris
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021