Honda Strike Gathers Steam as Foxconn Eyes Retreat

Hon Hai Precision Industry, the parent firm of Foxconn International, reveals plans to move some of its production lines in Shenzhen back to Taiwan after a series of suicides that pushed the companies to raise salaries, reports The Standard.

 

Foxconn will also move plants to north China and increase production capacity in other countries.

 

Meanwhile, over at Honda, workers at another Chinese plant have gone on strike, just days after the Japanese auto maker settled a strike at another factory with a 24% pay rise.

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