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Foxconn offers workers additional 66 percent pay rise

Posted on Monday, June 07 2010 @ 20:25:56 CEST by


Reuters reports Foxconn has promised its Shenzhen workers a 66 percent wage increase if they pass a three-month performance review. This new hike comes on top of the 30 percent rise the company announced last week, and means workers may soon earn more than double as much since media began reporting on the high number of suicides at the manufacturing plant a couple of weeks ago.
Foxconn, owned by Taiwan contract electronics maker Hon Hai Precision Industry (2317.TW), said on Sunday production line workers would be able to earn 2,000 yuan a month if they pass a three-month performance review. It did not give details of the evaluation process.

The latest hike, to take effect as early as October 1, comes on top of a 30 percent across the board rise in the cash part of wages announced last week and means wages will be more than double since employee suicides became a major issue last month. Before last week's rise, workers earned 900 yuan a month.



 



 

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