An Apple supplier is cutting wages for its workers in China

Author: ANN WANG | Reuters

Technological Foxconn reduced payments from 24 to 19 yuan per hour (2.52 euros)

Taiwanese technology company Hon Hai (Foxconn)the assembler of several American Apple products, has reduced the wages it offers to its workers in China 19 yuan ($2.76, €2.52) Timecollected by Hong Kong newspapers South China Morning Post.

Three recruitment agents cited by the media are offering this week between 19 and 20 yuan ($2.90, 2.65 euros) to job applicants in iPhone assembly lines in the south of the Asian giant.

The figure represents a decrease from the wage set a year ago, which was around 24 yuan ($3.48, 3.18 euros) per hour, the newspaper reported. Foxconn’s activities in China were hampered in 2022 by the then current ‘zero covid’ policy, which had already been abolished.

Within the framework of the aforementioned guidelines, in the company’s factory in the chinese city of zhengzhou (center), the largest iPhone factory in the Asian countrya situation that led to the flight of many employees and their replacements’ subsequent clashes with the police due to non-payment of bonuses promised to them by Foxconn.

Recently, as reported Bloombergciting internal sources of the California company, that Apple is “exploring ways to reduce its dependence on China.” as tensions rise between Washington and Beijing.”

Source: La Vozde Galicia

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Jason

I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people's lives. I also write about current trends in economics, business strategies and investments.

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