Foxconn Scrapping Suicide Compensation To Stop Deaths

According to reports, Foxconn will no longer give compensation to the families of employees that commit suicide. I guess the idea is to make them worth more alive (recent raises) than they are if they are dead. Let’s hope this works.

CEO Guo Tai-ming confirmed that the compensation received by families of those who committed suicide (equal to ten years' salary, at 110,000 Yuan, or $16,100) would no longer be offered, hopefully halting the reason many took their lives in the first place. Motivated by the possibility of getting the 66 per cent payrise depending on achieving certain performance targets should increase enthusiasm amongst workers to an all-time high.

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