Foxconn Worker’s Monthly Wages May Increase to US$693 Next Year

Star Chang, May 25, 2012 6:38 AM, 994 views, 2 Comments »,

According to Chinese media report, Apple main contractor Foxconn may double its Chinese factory worker’s wages by 2013. The move would see Foxconn’s base factory wage in China go from the current 2,200 yuan (US$346) up to 4,400 yuan (US$693) per month. That is 100 percent increase. Foxconn nearly doubled its China base salary in 2010 – from 1,200 yuan to 2,000 yuan – after a spate of worker suicides, and before that was a mere 900 yuan (US$141). Reports are based on words allegedly uttered by the company CEO at Shanghai’s new headquarters groundbreaking ceremony. If Foxconn really plans to double the worker’s wages again, it will greatly improve the value of Chinese migrant workers, but at the same time it would be alarming for other manufacturers in their battle to retain workers.