Foxconn Increasing Worker Salary By 20%

May 28, 2010, By Radimir Bobev

The owner of the Foxconn factory, Hon Hai Precision Industry, have announced their plans to raise their employees’ salaries by roughly 20 percent. However, the curious thing to note here is that according to them, these plans were in motion before the notorious streak of worker suicides came to light, and is not related to it in any way.

These claims seem to be valid according to analysts though, who claim that it’s rather usual to observe an increase in salaries as the third/fourth quarters of the year approach. With that in mind, it’s also worth noting that the workers themselves are also optimistic about the effects of the raise – according to one, the cause behind the suicides was money to begin with.

It may sound strange to those unfamiliar, but there are certain laws in China that compensate workers’ families greatly in the case of a suicide – so the recent events could be explained as attempts by some desperate workers to give their families some more breathing room.

These incidents have been absolutely terrifying, and we really hope the salary raises bring some peace to the minds of the Foxconn workers.

© 2008-2012 - All rights reserved | Privacy Policy