Foxconn to Double China Factory-Worker Salaries After Suicides
Date of publication: June 6, 2010
Author: Tim Culpan and Janet Ong
June 7 (Bloomberg) -- Foxconn Technology Group, manufacturer of Apple Inc. iPhones and Hewlett-Packard Co. computers, said for the second time in less than a week that it will raise employee wages, more than doubling base salaries at its Shenzhen factories within four months, after being criticized for contributing to worker suicides.
Foxconn will boost monthly pay for most plant workers to 2,000 yuan ($293) from 1,200 yuan effective Oct. 1, the Taipei- based company said in an e-mailed statement late yesterday. Foxconn, also known as Hon Hai Group, on June 2 raised base pay from 900 yuan, effective immediately....