Apple Inc. and its iPad suppliers, Foxconn Technology Group will jointly issued additional funds to improve the lives of employees at plants in China. Foxconn leaders, Terry Gou did not submit detailed costs to be incurred Apple and Foxconn.
As noted in press conference in Shanghai, Gou said this improvement effort as competitive force and not just cost.
"I believe Apple sees this as competitive strength that we do together and we'll split the cost to both of us," he added.
During this time, Foxconnn myself have spent quite a lot of money to fight the perception that their factory exploiting workers.
Since mid-February 2012, Foxconn has raised wages by 16 to 25 percent. In late March, Foxconn also received approval from Apple to reduce overtime work.
As noted in press conference in Shanghai, Gou said this improvement effort as competitive force and not just cost.
"I believe Apple sees this as competitive strength that we do together and we'll split the cost to both of us," he added.
During this time, Foxconnn myself have spent quite a lot of money to fight the perception that their factory exploiting workers.
Since mid-February 2012, Foxconn has raised wages by 16 to 25 percent. In late March, Foxconn also received approval from Apple to reduce overtime work.
