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Foxconn aims at doubling wage in China by 2013

Foxconn Technology Group, contract maker of Apple’s iPhone and iPad, will double average the wage of its one million employees in the Chinese mainland in the second half of next year, in line with its expansion plan.

The average monthly income will hit CNY4,400 each month (USD698) then, surpassing the level of income of Taiwan university graduates, Foxconn’s president Guo Taiming was cited by the Taiwan Business Week as saying on Friday.

Foxconn has already hiked its employees’ wage three times since 2010, when more than 10 employees committed suicide in its facilities due to great pressure and low wage, which was CNY900 each month then.

(Source: Shanghai Daily )