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onehandle

(51,122 posts) Wed May 30, 2012, 10:06 AM May 2012

iPhone manufacturer Foxconn to double worker salaries by 2013

Foxconn’s current base salary ($350) per month is already higher than the RMB 1,500 ($240) statutory minimum wage per month in the city of Shenzhen.

The base salary in Foxconn’s Chinese manufacturing bases will be lifted to RMB 4,400 ($700) per month by the end of 2013, from current RMB 2,200 ($350) per month, Taiwan-based Business Weekly reported last week, citing Foxconn’s President Terry Gou.

Gou also aims to raise the entrance labor wages to RMB 4,000 ($635) by the end of this year in China firstly, which represents an 82 percent jump from current RMB 2,200 ($350), to exceed the entry-level wage of graduate students working for its headquarter in Taiwan.

http://www.zdnet.com/blog/china/iphone-manufacturer-foxconn-to-double-worker-salaries-by-2013/438

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iPhone manufacturer Foxconn to double worker salaries by 2013 (Original Post) onehandle May 2012 OP

Sounds very nice for Foxconn workers. Old and In the Way May 2012 #1

Old and In the Way

(37,540 posts)

1. Sounds very nice for Foxconn workers.

Reply to onehandle (Original post)

Wed May 30, 2012, 11:06 AM

May 2012

However, I suspect that this will eventually provide Foxconn with their justification/rationale to automate their factories with extensive robotics. These wage gains may be but a temporary illusion.

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