Apple supplier Foxconn said on Tuesday it had quadrupled bonuses given to staff at its factory in Zhengzhou, central China, as it worked to calm discontent among staff at the main iPhone production over COVID restrictions.
According to the WeChat account of Foxconn’s Zhengzhou factory.
Foxconn, formerly Hon Hai Precision Industry Co Ltd, is Apple’s largest iPhone maker and generates 70% of the world’s iPhone shipments. It manufactures most of the phones at the Zhengzhou factory, where it employs about 200,000 people, has other smaller production sites in India and southern China.
The Zhengzhou plant has been rocked by discontent with strict measures to curb the spread of COVID-19, with several staff members leaving the site over the weekend after complaining about its remedy and disposition via social media.
Reuters reported on Monday, citing a source, that iPhone production in November could fall as much as 30 percent at the plant due to the situation and that Foxconn is racing to increase production at another plant in Shenzhen to make up the shortfall. . .
Foxconn shares fell 1% on Tuesday, down 0. 4% on the broader index.
The original bonus program was first described in an article published Monday through the government-backed Henan Daily newspaper in which an anonymous senior Foxconn executive was mentioned.
Foxconn’s statement on Tuesday also said those who work for more than 25 days could receive a maximum bonus of 5,000 yuan per month, the company said, up from the previous high of 1,500 yuan, as part of an effort to “gradually resume orderly production” and “thank our colleagues for their perseverance. “
Those who made each and every “effort” in November, in addition to giving up all holidays, can get a total of more than 15,000 yuan for the month, the report added.
A typical Foxconn earns between 3,000 and 4,000 yuan a month.
Videos circulating on social media appear to show Foxconn staff first loaded with luggage and walking the village roads to their hometown.
The images, which can be independently verified, as well as accounts workers shared with Reuters, illustrated the disruption China’s zero-COVID policy is causing the public and businesses.
The country’s technique 0 before COVID-19 requires localities to act temporarily to curb outbreaks with measures such as closures, but allows factories in affected spaces to remain open as long as they operate under a “closed loop” formula where they live and they work on site. .
However, corporations complain about the difficulties of the formula and the position of the staff. Many other people who said they were Foxconn staff took to social media to complain about not getting enough food or the uncertainty of the situation.
The senior executive quoted by Henan Daily said that Foxconn began conducting COVID testing for its on-site staff on Oct. 10 and 3 days later established the closed-loop formula by moving off-site staff to their dormitories.
Foxconn did not respond to a request for comment on the Henan Daily article. The Henan Daily is the official newspaper of Henan province, of which Zhengzhou is the capital.
Foxconn did not disclose whether staff at the Zhengzhou site had been diagnosed with COVID-19, but the executive told the Henan Daily that there were no serious infections and that the company had set up a team to move into quarantine.
A typical Foxconn earns between 3,000 and 4,000 yuan a month.
And without the staff that makes the products, those executives wouldn’t get that as compensation.
The average pay for Foxconn executives is $204,803 per year. The estimated median pay for Foxconn executives, adding base pay and bonuses, is $197,178 or $94 per hour. At Foxconn, the highest-paid executive earns $507,000 a year and the lowest-paid earns $79,000.
https://www. comparably. com/companies/foxconn/executive-salaries
Foxconn is a Taiwanese company. It is not unexpected that it is under attack after the CCP convention ends, as others have been. Just wait for what’s next. . . Xi doesn’t care about other Chinese; In fact, he needs revenge for what happened to his circle. of relatives of the Cultural Revolution—to make everyone feel pain. He is worse, in some respects, than his idol: the fat Korean Kim.