|Foxconn, which recruited workers at a 2010 job fair in Shenzhen, China, said Saturday it would sharply raise its wages.|
BEIJING — The announcement Saturday that Foxconn Technology — one of the world’s largest electronics manufacturers — will sharply raise salaries and reduce overtime at its Chinese factories signals that pressure from workers, international markets and concerns among Western consumers about working conditions is driving a fundamental shift that could accelerate an already rapidly changing Chinese economy.
|Trainees at a Foxconn industrial park in Shenzhen,|
China, walked beneath a poster of Terry Gou,
chairman of Foxconn's parent, Hon Hai Precision
|Foxconn employees in Shenzhen. The company has|
announced plans to invest in automation.