iPhone Maker Foxconn Seeks Price Hikes to Offset Wages

iPhone maker Foxconn International Holdings said it will seek higher prices from its clients to help offset wage hikes at a plant in southern China that has been hit by a series of suicides. Meeting shareholders in Hong Kong for the first time since the deaths, executives at Foxconn, owned by Taiwan's Hon Hai Precision Industry, said the company hoped to reach a consensus with customers this month. Hon Hai, the world's biggest contract electronics maker with a client list that includes Apple Inc, Dell Inc and Hewlett-Packard Co, has been wrestling with the fallout from 10 suicides in the last five months at Foxconn.

The suicides and controversy come amid growing labour unrest southern China, in the world's top manufacturing region, where millions of migrant workers from the country's poor hinterlands churn out goods for top global companies.

Published Date: Jun 08, 2010 01:48 pm | Updated Date: Jun 08, 2010 01:48 pm