In response to the slate of employee suicides which has rocked Foxconn over the last six months, it is now being reported that the electronics manufacturing giant is now offering a 66% performance-based pay rise to their workers… built on top of the previous thirty percent pay increase.
Of course, being a performance-based pay raise, that gives Foxconn license to skimp. To be eligible, workers must pass a three month performance review. That gives Foxconn the ability to arbitrarily hold it back from the majority of workers.
Still, if Foxconn does go through with the move, and awards the pay raise fairly, it’ll be a huge improvement that will see the salary of the average Foxconn employee jump from $132 to $292 a month.Related