Apple (AAPL) has acknowledged labor issues at its factories in China, and a report out Thursday from the Fair Labor Association backs up the company's findings.

There isn't a whole lot of new information here. The association audited three factories belonging to Foxconn, the company that makes electronics for Apple, Hewlett-Packard (HPQ), Dell (DELL) and others. The report said some workers were putting in as many as 60 hours a week, and Foxconn said it will cap that time at 49 hours a week by July of next year.

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The report found that 14% of workers may not be getting fair pay for unscheduled overtime, since overtime is only paid in 30-minute increments. So if you work 29 minutes over, for example, you won't get paid for that because it didn't hit the 30-minute mark.

But there's one problem with the report, according to Cnet. Although Foxconn promises to fix the violations, there are no consequences if these labor issues continue.

Shares of Apple fell after the report was released and closed down 1.3% to $609.86.