Items tagged with wages
After being put under the microscope by the media and, more recently, by its customers following a rash of suicides that occurred at its Shenzhen, China factory, Foxconn said it is issuing another round of significant pay raises, the second time that this has been done this week. According to a report in The New York Times, Foxconn plans to...
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Foxconn thinks they have a solution to the mounting suicides that have rocked the company's China operations: pay the workers more money. According to reports, Foxconn plans to raise wages by 30 percent, which still isn't all that much, but it's a start. One report has the basic salary at Foxconn's China plants at about 900 yuan a month, or...
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In 2006 IBM settled a lawsuit brought by employees claiming they were denied overtime pay for some $65 million. It appears that IBM is attempting to punish those same workers by cutting their base salary by 15 percent.“IBM spokesman Fred McNeese said the move would not save the company any money, because the affected employees generally...
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