Sohu Business, 5/28/10
Hon Hai (2317.TW), the parent company of Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW), said on Friday that it will increase salaries for Foxconn employees by approximately 20%. Hon Hai spokesman Edmund Ding said the company intends to implement the raise soon, and has been considering plans for a raise for some time.
According to reports from Xinhua, 10 employees at Foxconn's Longhua facility in Shenzhen have committed suicide this year. Another employee made a failed attempt to commit suicide last Thursday.
Foxconn has over 20 manufacturing bases throughout Mainland China, employing a total of 800,000 workers.