Hon Hai Precision Industry has announced that it will raise the salaries of employees at its Foxconn factory by about 20 per cent. The company claims that the raises were planned for a while and aren't in response to recent suicides.
There is no word about when the raises will be implemented or if they will in fact help quell the suicide rate, but an employee reached for comment was optimistic sounding:
It may help the suicide situation, because we workers just need money and the financial pressure on us is great. Every little bit helps.
It's worth noting that analysts are remarking that it is not unusual to see salary increases for production workers in the third quarter of the year. [MSNBC]