Foxconn chairman pledges to raise pay in China, invest in Hainan

by Blogburger on April 1, 2012

Terry Gou, founder of Taiwan's Hon Hai Precision Industry company, the mother company of Foxconn, talks during a news conference in TaipeiBOAO, China (Reuters) – Foxconn Technology Group will keep on increasing worker salaries in China and cutting the hours of work, Chairman Terry Gou said on Sunday, after it came under fire for poor working conditions for employees making Apple iPhones and iPads. As part of its efforts to relieve the pressure on its existing factories in Chinese cities such as Shenzhen and Chengdu, Gou said Foxconn would be building high-tech manufacturing facilities in Hainan, as well as expanding operations in Brazil. …



Business News Headlines – Yahoo! News

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