InfoAnda - Hon Hai to raise China wages after spate of suicides |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Iran aims to get to brink of nuclear arms: U.S. aide | | 10 March 2011
India wants more Pakistanis tried for Mumbai raid | | 27 June 2010
Qaeda No. 2 urges Turkish break with Israel | 16 August 2010

Wikipedia launches iPhone application | 20 August 2009

Forum Views () Forum Replies ()

Read more with google mobile : Hon Hai to raise China wages after spate of suicides |

Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Bankruptcy talk spreads among Calif. muni officials 27 May 2010 House votes to repeal military gay ban 27 May 2010 Corrected: BP halts video of leaking pipe, blames dirty lens | Video 27 May 2010 UPDATE 1-US Senate panel adds no funds for F-35 2nd engine 27 May 2010 House defies veto threat, funds 2nd F-35 engine 27 May 2010 WRAPUP 1-Obama visits Gulf disaster, largest U.S. spill ever 1:01am EDT Apple overtakes Microsoft as biggest tech company 26 May 2010 BP well disaster stuns hardened oil men 27 May 2010 Hon Hai to raise China wages after spate of suicides 1:15am EDT Toll from Jamaica violence climbs to 73 27 May 2010 House votes to repeal military gay ban 27 May 2010 Bankruptcy talk spreads among Calif. muni officials 27 May 2010 Kitten survives wash and spin in a washing machine 27 May 2010 2,000-calorie milkshake tops list of worst drinks 27 May 2010 Apple overtakes Microsoft as biggest tech company 26 May 2010 North Korea vows to rip up military safeguards with South | Video 27 May 2010 BP spill eclipses Exxon Valdez, says government 27 May 2010 Funds seek Midas touch with miners 27 May 2010 Government warns of worst hurricane season since 2005 27 May 2010 Buyers flock as Apple's iPad hits Asia 2:27am EDT Hon Hai to raise China wages after spate of suicides Jonathan Standing TAIPEI Fri May 28, 2010 1:15am EDT Policemen stand guard outside the Hong Hai headquarters during a protest by labour unions in Tucheng, Taipei, May 28, 2010. Credit: Reuters/Nicky Loh TAIPEI (Reuters) - Taiwan's Hon Hai Precision Industry plans to raise workers' salaries by about 20 percent at its Foxconn unit in China, as it struggles to stop a spate of worker suicides and quell rising public anger. Technology | Media An employee of Foxconn, maker of Apple Inc's iPhone, jumped to his death late on Wednesday, bringing the total of such apparent suicides to 10 this year. Another employee attempted to slit his wrists, but survived with medical attention, Xinhua news agency said late on Thursday. A small worker protest formed in front of Hon Hai's head office in Taipei on Friday morning, with protesters setting out candles and white flowers as security guards watched. Hon Hai spokesman Edmund Ding said the increase in the cash portion of pay packages for all its workers in China had been planned for some time. He did not say when the raises would be implemented. "It may help the suicide situation, because we workers just need money and the financial pressure on us is great," said a Foxconn employee surnamed Wang, reached by telephone at the company's factory in Longhua, an industrial town north of Shenzhen. "Every little bit helps." The spate of deaths has thrown a spotlight on the labor practices of Foxconn, whose clients include Dell Inc, Hewlett Packard Co and Sony Ericsson. Apple and other clients have said they are investigating working conditions at Foxconn, which has about 420,000 employees at its base in Shenzhen and has come under fire for its secretive corporate culture. FINANCIAL IMPACT The planned pay rise could raise Hon Hai's quarterly labor costs by about T$2.7 billion ($84 million), which would erode its operating profit by around 10-12 percent, Citi said in a report. Other analysts disagreed with Citi's assessment. "I don't think this will impact Hon Hai's profitability," said Vincent Chen, an analyst at Yuanta Securities in Taipei. "Salaries for production workers are usually raised at around the third quarter, which is the peak season for most contract manufacturers as they gear up for the year-end holiday season." Chen added that labor costs accounted for only around 2 percent of Hon Hai's operating costs and a salary increase of about 20 percent was not unusual. "Hon Hai has raised salaries by up to 50 percent in the past, and it's still doing well," he said. Hon Hai shares were down 1.2 percent on Friday morning, trailing the broader Taiwan market's 1 percent gain. Foxconn's Hong Kong-listed shares were up 0.8 percent, also trailing a rally that saw the main index up 1.8 percent. Entry-level line workers at Foxconn's factory in Longhua earn just over 900 yuan ($131.80) per month before overtime and bonuses, said Zhu Fuquan, a production supervisor for the company. Foxconn was rumored to be paying around 100,000 yuan to compensate families of suicide victims, said factory worker Wang, a sum he said was tempting some victims given their low base wages. On Wednesday, workers said they had been asked to sign a letter from Foxconn, including a clause saying the company would pay no more than the legal minimum for injuries sustained outside the workplace. Confronted with the letter, Gou apologized and said he was taking it back, calling the language inappropriate. (Additional reporting by Doug Young, James Pomfret and Kelvin Soh in Hong Kong, and Roger Tung in Taipei) Technology Media Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 28 May 2010
Free iPhone application to report oil from Gulf spill
Netanyahu in Paris fetes Israel's OECD entry
Spain approves austerity plan by one vote
Rights group accuses Vietnam of stifling online dissent
Toll from crackdown on Jamaica slum climbs to 73 |
Afghans: Pakistani Taliban commander rumored dead
US first-quarter economic growth weaker than expected
Oil stops gushing from Gulf of Mexico well
Russia says Iran was deaf to its nuclear proposals |
Mass protests against higher French pension age |
Berlusconi quotes Mussolini, laments lack of power |
ICC members meet to expand war crimes court powers |
Major earthquake hits South Pacific: USGS
Trott turns screw on Bangladesh
US terror convict freed in Peru after 15 years
Stock rally continues, China dampens euro pullout fears
Malaysia's Sime Darby suffers first ever loss in Q3
India's Tata Motors swings into profit for year
Air India gets tough on unions after strike
German agency not satisfied with Facebook changes |
Twilight, Harry Potter big winners at UK movie awards
AT&T: 40 percent of iPhone sales are to business users |
Iran film ban latest chapter in running Cannes-Tehran row
Fashion aide succeeds late British designer McQueen
World Cup fever sweeps Lebanon
Visitors return to Zimbabwe's ancient city
French singers hold solidarity concert in Georgia
Off with its head: why Alice wig tale was chopped
Montreal cabaret under threat as offices move in
Australian 'old fart' aims to break solo sailing record
Cyprus tourism revenue dips 17 percent in April
Austrian abortion museum wins European prize
Sarah Ferguson to appear on Oprah |
Page Not Found |
Faces, without Rod Stewart, have big tour hopes |
Pacificor hires agency to sell Terminator rights |
Gaza aid fleet undeterred as Israel steps up warnings
Spain passes austerity plan by one vote
Nuclear treaty talks on brink of failure: diplomats |
AP tally: US military reaches 1,000 Afghan deaths
Google completes AdMob purchase
China PM faces Korean standoff over warship sinking |
3 indicted in $100 million Internet 'scareware' scheme
Maoists suspected of sabotaging India train, 65 dead |
US judge wants copies of Google-captured Wi-Fi data
Hon Hai to raise China wages after spate of suicides |
ABC To Host Miley Cyrus Concert Special
Obama and family back in Chicago for holiday weekend
Emma Roberts Joins Cast Of "Scream 4"
Spanish austerity vote helps reverse euro decline |
U.S. Markets Jump On China's European Comments
Thinskinned NJ Mayor Gets City Council To Pass Law Shutting Down Critical Website
Obama Suspends Offshore Drilling Permits Amid Outrage Over Gulf Oil Spill
Costco Q3 Profit Jumps On Strong Sales, Foreign Demand
US economy weaker than estimated in first quarter
Early Reports Signal 'Top Kill' Appears To be Working
Disney To Launch Network For Preschoolers, Dropping SOAPnet
French protest as Europe implements austerity
First Quarter GDP Growth Revised Lower, Misses Estimates
Air Force Tests Hypersonic Experimental X-51 Jet To Favorable Reviews
UN rift widens over Brazil-Turkey deal with Iran
Japanese whaler wants 'severe punishment' for NZ activist
Suspected Indian Maoists sabotage train, 65 killed
Taiwan labour activists protest against Foxconn parent
Japan and US resolve Okinawa base row
Australia sues Japan over whaling
S.Korea to press China's Wen on warship sinking
Buyers flock as Apple's iPad hits Asia |
New gadgets set stage at Taiwan tech show, but clouds loom |
Nokia and Opera support Adobe's Flash in Apple spat |
Opera says 2.6 million browser downloads on iPhone |
Hon Hai to raise China wages after spate of suicides |
iPad-mania as thousands queue for global roll-out
Former All Black stands by racial quota claims
Hon Hai to raise China wages after spate of suicides |
eBay enlists China and US post services to battle Taobao
'Suspected Maoists' trigger Indian train derailment: media
Japan unemployment rises as prices slide
Major earthquake, aftershocks hit South Pacific
Japan's April core consumer prices down 1.5% on-year
Date Krumm rues rise of women's tennis big-hitters
Japan automakers see higher sales, output in April
Japan jobless rate up, while prices fall in April
Ben Kingsley stars in Hollywood Walk of Fame
Universal Studios re-opens fire-damaged backlot
Actor Gary Coleman critical in Utah hospital |
Ben Kingsley stars in Hollywood Walk of Fame
R&B star Alicia Keys pregnant: reports |
'Sex and the City 2' stars brave bad press for British premiere
The real Emmys fun happens at low-profile event |
Hulk Hogan trying to bodyslam Hulk cereal ad |
Arcade Fire to issue album in August |
James McAvoy playing Professor X in X-Men film |
Daytime Emmys honoring Dick Clark |
Lebanese leaders delay defence strategy talks
Fergie to appear on Oprah show after scandal
iPad-mania as thousands queue for global roll-out
Gunmen kill at least 70 in Pakistan mosque attacks |
AP tally: 1,000th US military death in Afghan war
AP tally: 1,000th US military death in Afghanistan
AP tally: US military reaches 1,000 Afghan deaths
Spanish reform talks struggle |
Usher Remains At #1 For Another Week On The Billboard Hot 100 Chart With "OMG"
BP pushes on with 'top kill', true slick size emerges
Tina Fey To Receive Mark Twain Comedy Prize
Shell buys US gas group East Resources for $4.7 bln
"Glee" Earns Second #1 Album On Billboard With "Showstoppers"
Sorely missed: Foreign tourists shy away from Yemen |
iPad-mania as thousands queue for global roll-out
Serbia snaring border migrants to bolster bid for EU |
Shakira, Pitbull, R. Kelly Headline 2010 Official FIFA World Cup Album
Usher Returns To #1 On Billboard Hot 100 With "OMG"
Justin Bieber Returns To #1 Spot On Billboard Albums Chart With "My World 2.0"
"Kids Bowl Free" Fights Summer Boredom
Eminem Tops Billboard Hot 100 Chart With "Not Afraid"
Godsmack Earns Third #1 Album On Billboard With "The Oracle"
Final Surviving Member Of Famed Ziegfeld Follies Dies
Freed hostages in Yemen were the lucky ones |
German president defends military action |
At least 56 killed in attacks on Pakistani mosques
Palin makes good on fence threat
Around 80 dead as gunmen attack Pakistan mosques
South Sudanese caught in hunger crisis |
Japan, US resolve base row but coalition splinters
Minimum and maximum global temperatures in Celsius
Gunmen attack mosques in Pakistan's Lahore
Nepal on the brink of political turmoil
Gunmen take hostages at Pakistan mosque, casualties
iPad-mania as thousands queue for global roll-out
House, Senate Panel Vote To Repeal "Don't Ask, Don't Tell"
Diane Keaton, Ellen Page Starring In HBO Pilot
Massive Underwater Oil Plume From BP Spill Discovered
FDA Says Diet Drug Can Cause Liver Damage
Summer At Long Beach Begins With Swimmer's Death
Tanning Beds Up Melanoma Risk
ABC Reportedly Considering "Alias" Reboot
Nokia top model N900 sales below 100,000: Gartner |
Nokia, Sony join chorus of concern over China factory
"20/20" Special To Profile Real-World Superhumans
Taiwan's Foxconn to raise workers' pay
Ex-Pink Floyd frontman takes The Wall back on road
German firm to film tale of kidnap victim Kampusch |
Iceland Volcano’s Ash Cloud Electrified, Says U.K. Scientists
Thinskinned NJ Mayor Gets City Council To Pass Law Shutting Down Critical Website
4-Foot-11 Woman Beats Up Carjacker
Indonesian Toddler Addicted To Cigarettes, Smokes 2 Packs Per Day
Army Vet, 80, Shoots And Kills Armed Burglar
Strip Club Offers Grads Alternative To Economy
Miami Mom Leaves 2-Year-Old On Bus
4 Injured As Teen Driver Crashes While Holding Breath
Elderly Couple Saved After Weeks Trapped In Debris At Home
Alternative-Living Camp Struck Down In Indiana
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01