Foxconn Increases Size of Raise in Chinese Factories

As much as I hate reopening this topic, I just want to post some good news to counter the steady stream of bad news coming out of Foxconn. This new raise is on top of the 33% raise workers received last week, bringing worker’s salaries up to about $300 a month.

In announcing the wage increase late Sunday, the company, a unit of Taiwan’s Hon Hai Precision Industry Company, said that within three months the basic salaries of many of its 800,000 workers in China could reach nearly $300 a month, about double what many were earning a few weeks ago.

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