Biz 'We're not leaving the mainland' 2010-Jun-16 07:36:13
BEIJING - Foxconn Technology Group, the world's largest contract electronics maker, will not change its business plans for the mainland in the wake of a string of employee suicides, according to a company statement.
Taiwan's Honhai Group, the parent company of Foxconn, said the business will focus on expanding its existing operations on the mainland, including Foxconn's Longhua plant in Shenzhen, Guangdong province.
Since the suicides and attempted suicides at the plant, Foxconn has compensated victims' families and raised salaries by as much as 66.6 percent, driving up overheads. But the company said all promised operations on the mainland have nothing to do with the rising costs and will not be changed.
Chinese Premier Wen Jiabao recommended better treatment for the nation's vast number of migrant laborers when he met a group of migrant workers in Beijing on Monday.