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Foxconn May Close Factories In China

ChiefMonkeyGrinder writes "Foxconn, the manufacturer whose clients include Apple, Dell, and HP, is on the verge of pulling out of China after a spate of suicides. The CEO has accused workers of killing themselves for financial compensation, and the company has stopped suicide payments to suicide victims' families. Foxconn's CEO also told investors that it is considering moving its production operations to Taiwan, and automating many parts of its business, a move which could see 800,000 workers lose their jobs."

2 of 476 comments (clear)

  1. Re:Maths don't matter to reality! by DVSD91 · · Score: 0, Troll

    Haha. Serves them right employ workers in America! This is the main problem in this country you all miss the real story the fact that they employ 800,000 non American workers to build mostly America products. Until we stop buying products not built in America we will not grow. Way to out source foxconn.

  2. Re:Parallels to the Union movement last century by Anonymous Coward · · Score: 0, Troll

    Very touching description of the union movement in the United States. Complete bullshit of course, but touching just the same. Unions demanding better working conditions and higher wages were organizing and striking long before railroads were even invented.

    Unions have a place, the problem is that they became too powerful and subsequently too greedy. Much of our economic problems today are the result.