With 12 suicides and alleged torture to deal with in the media it looks as though Taiwanese electronics giant Foxconn is planning to ditch China all together in favor of Indian and Vietnamese manufacturing bases. This would ultimately mean 800,000 Chinese workers will be out of work and will also lead to the demise of local businesses around Foxconn’s mammoth Shenzhen plant, who rely on workers for their custom.
Gizchina News of the week
The news is still unconfirmed, but even the idea of Foxconn leaving the mainland must be a huge blow to all their workers who were promised 20-30% pay rises only weeks ago!
We’ll post more news when we get it!