Facing increased media coverage and more scrutiny from its customers after a wave of suicides at its Shenzhen, China, plant, Foxconn said Monday that it will raise the monthly salary of its factory workers once again.
The company said it plans to increase pay to 2,000 yuan ($293) from 1,200 ($176) yuan, an increase of about 67 percent. This follows last week's 30 percent pay raise by the Taiwan-based company.
The new salary does come with a few conditions, according to Foxconn. Workers will have to pass a three-month performance evaluation before they can receive the raise. … Read more