Foxconn workers to get 30 percent raise

Posted on Wednesday, June 02 2010 @ 22:32 CEST by Thomas De Maesschalck
Reuters writes production line workers at Foxconn's Shenzhen plant will get a 30 percent pay rise:
Production line workers at Foxconn's southern China manufacturing hub will get a 30 percent pay rise, as top customer Apple Inc called recent suicides at the plant troubling but said the site was "not a sweatshop."

...

Taiwan contract electronics maker Hon Hai Precision Industry, the owner of Foxconn, said on Wednesday that the cash component of wages would rise by 30 percent effective immediately, more than the 20 percent rise the company had talked about late last month.

It said the higher increase reflected rising prices in China, and it hoped to earn workers' respect and raise efficiency.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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