Foxconn gives its employees a raise

Posted on Sunday, February 19 2012 @ 20:52 CET by Thomas De Maesschalck
Reuters reports Foxconn has given its Chinese workers a 16-25 percent increase in pay from this month, the third salary rise since 2010. A typical junior level worker at Foxconn now earns 1,800 yuan (approx. $285) per month, double as much as three years ago.
In a statement on Friday, Taiwan-based Foxconn said the pay of a junior level worker in Shenzhen, southern China, had risen to 1,800 yuan per month and could be further raised above 2,200 yuan if the worker passed a technical examination.

It said that pay three years ago was 900 yuan a month.

"As a top manufacturing company in China, the basic salary of junior workers in all of Foxconn's China factories is already far higher than the minimum wage set by all local governments," the statement said.

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