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Foxconn to hike prices to offset pay increase

07-22-2010 16:36 BJT

TAIPEI - Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, is seeking to charge its customers more to partly cover wage increases at its mammoth manufacturing compound in southern China.

The extent of price hikes will differ according to products, C.L. Huang, vice president of Hon Hai Precision Industry Co, parent firm of Foxconn, told a news conference Wednesday night. She did not name the clients.

The firm announced in June two raises, more than doubling the basic worker pay to 2,000 yuan ($293) a month at its southern China compound where it makes iPhones, iPads and other brand-name electronics for corporations including Apple Inc and Hewlett-Packard Co.

Huang said Foxconn will cover the wage increases -- to become fully effective in October -- also by speeding up factory automation programs.

Chinese workers are demanding better pay and working conditions. Companies like Foxconn that rely on China as a source of cheap labor are finding it harder to attract and keep workers.

Editor:Xiong Qu |Source: China Daily

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