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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Foxconn parent: commitment to China 'total' AFP - 1 hour 14 minutes ago Send IM Story Print Foxconn parent: commitment to China 'total' TAIPEI (AFP) - – The parent of Taiwan's IT giant Foxconn said its commitment to China is "total" and "long-term", dismissing speculation that rising wage costs might prompt it to pull out of the mainland. Foxconn, which has decided to double the payment for its assembly-line workers in south China after a string of apparent factory suicides, even plans to expand in China, Hon Hai Precision Company said. "Our commitment to China is total and it is long-term," Hon Hai said in a statement released late Sunday. "We will be expanding extensively in China, both in existing and new locations, in line with the specific requirements of our customers." The company announced salary increases after 11 Chinese employees apparently committed suicide by jumping from buildings, including 10 in south China's Shenzhen city. Labour rights activists have blamed the suicides on tough working conditions at Foxconn, the world's largest maker of computer components and a supplier to leading brands such as Dell, Nokia and Apple. Foxconn, which employs an estimated 400,000 workers in Shenzhen alone, said salaries at plants in other parts of China would be calculated based on local prices and social security requirements. Recommend Send IM Story Print Related Articles Foxconn parent: commitment to China 'total' AFP - 1 hour 18 minutes ago US discovers huge Afghan mineral wealth: report AFP - 1 hour 45 minutes ago China's AgBank IPO could raise 28 billion dollars AFP - 2 hours 22 minutes ago Honda says normal ops to resume at troubled China plant AFP - Monday, June 14 Chinese investors Fosun buy Club Med stake AFP - Monday, June 14 News Search Top Stories Africa savours first win but tragedy tinges W.Cup Nine killed in plane crash of Mexican politician Greece optimistic ahead of EU, IMF visit UK's new fiscal watchdog to cut growth forecast Impoverished by oil spill, still waiting for a check from BP More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Impoverished by oil spill, still waiting for a check from BP Hamilton leads McLaren 1-2 at Canadian Grand Prix Euro rate now more 'normal': French central banker Euro to hit dollar parity in 2011, if still exists: analyst Thousands flee ethnic bloodshed in Kyrgyzstan More Most Viewed » The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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