One of Apple's main suppliers – Hon Hai Precision Industry Co (Foxconn) said yesterday that they have increased the basic salary of their production line workers by 16 percent. Staff in Zhengzhou, Henan province of China have been offered the increase, partly as the company are having problem recruiting people. …
Read More »Apple join Fair Labor Association, open doors to partners
Foxconn have faced criticism regarding employee suicides in the last year. Apple are one of their most important partners and are trying to counter the complaints against the working conditions of the people who build their products. Apple have joined the Fair Labor Association, which was set up in Washington …
Read More »Apple help Foxconn improve working conditions
Last year Apple sent Tim Cook, acting CEO of Apple to Foxconn International Holdings Ltd. factory in China. The purpose of the trip was to make recommendations on how to improve working conditions for the company. Tim Cook has stepped in as CEO for Apple, as Steve Jobs is taking …
Read More »Foxconn labour cost increases cause gross margin down 1H10
Foxconn have been in the press for all the wrong reasons lately and yesterday they announced their revenues and profits for the first half of 2010. While their revenues for the first half of 2010 went up by 47.6% on year ($36.5 billion) their gross margins were down 0.99 pp …
Read More »Foxconn holds rally for employees – moral boosting to stop suicides
Foxconn have been featuring in the press recently after news of 12 suicides among employees, apparently caused by extremely tiring working conditions with dire salary terms. In an effort to improve public relations and company moral Foxconn are initiating rallies with the theme “Treasure your life, love your family, care …
Read More »Foxconn damage control: raise pay by 30%
We reported recently on the suicides at the Foxconn factory in the far East, which attracted a lot of attention. In a very public move, Foxconn have decided to raise pay at the factories by 30 percent which is set to cost them millions in extra wages. Staff at the …
Read More »Foxconn suicide rate sparks investigation
If you are looking for a new long term career then it appears you should avoid Foxconn (Hon Hai Group), especially if the recent suicide toll is anything to go by. Foxconn supply components for many companies including Apple, Dell and Hewlett Packard and each of these companies are opening …
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