Labor group finds violations at Foxconn
One of Apple's main Chinese suppliers promises to improve worker conditions after an investigation.
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.
Mind your f...ing busyness. China is progressing by leaps and bounds...fix Europe and America's
laziness and get off china's back!!!
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The solid report comes a month after the retailer closed all of its Canadian operations.
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