Foxconn Technology Group (富士康) agreed to hire outside managers to take over the running of employee dormitories in the southern Chinese city of Shenzhen, where at least 10 of its workers committed suicide this year.
The contract maker of Apple Inc’s iPhone signed a memorandum of understanding with two China-based property management firms to run 153 dormitories housing the Taiwanese manufacturer’s employees in Shenzhen, according to an e-mailed statement from the company on Friday.
Foxconn said it will hire counselors and double pay in Shenzhen, where it employs almost 450,000 people, after the suicides prompted Apple and other clients including Dell Inc to probe work conditions at the world’s biggest contract electronics maker.
The hiring of the property firms marks a shift to a “more open” style of management, the Taiwanese company said.
“Providing employees with basic necessities including a safe and convenient place to live at the worksite might have been sufficient in the past, but this arrangement no longer satisfies the needs of the young migrant workers of today,” Foxconn Vice President Terry Cheng (程天縱) said in the statement.
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An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
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