Retail in Asia

In Trends

Taiwan’s Foxconn wants clients to share wage burden

Foxconn, the world’s largest electronics contract manufacturer, expects its customers – which include Apple, Dell and Sony – to help shoulder the burden of a large wage increase for its factory workers.

Hon Hai Precision Industry, Foxconn’s Taiwan-based parent, said it could not predict how the additional cost would be shared but "we are applying international standards now. The time has come for the global food chain to face these issues".
 

(Source: CNBC)