Foxconn to raise wages, move employees closer to home

Posted on Friday, May 28 2010 @ 22:00:15 CEST by Thomas De Maesschalck

Engadget reports Foxconn has increased worker wages by about 20 percent:

Foxconn says that the pay raise had been planned for some time but did not say when it would be implemented. Mind you, a 20% bump in the third quarter is not unusual as Foxconn ramps up production for the holidays. In fact, Foxconn has given raises by as much as 50% in the past according to Vincent Chen, analyst at Yuanta Securities in Taipei. At the moment, Foxconn entry-level line workers are paid 900 yuan (about $131.80) per month -- remuneration that exceeds the local minimum wage in the area.

Moreover, Foxconn chairman Terry Gou also revealed plans to relocate some facilities to western regions of China, where many of the company's workers come from. The move would enable about 80,000 workers, a fifth of the Shenzhen workforce, to work closer to home.

Gou was quoted Thursday by Taiwan media saying Foxconn plans to relocate some facilities and about a fifth of the Shenzhen workforce to western regions of China where many of its workers come from to allow them to be near home.

The comments are owned by the poster. We aren't responsible for their content.

DV Hardware bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, ATi, hardware and technology!

Foxconn to raise wages, move employees closer to home