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Foxconn Worker Falls to Death in China

TAIPEI -- A Foxconn worker fell to his death in China, the company which assembles products for Apple Inc. (AAPL) said Thursday, following a series of fatalities that sparked concern about conditions at its plants. The 23-year-old, identified only by his surname Xie, fell from his rented apartment in the southwest Chinese city of Chengdu on Wednesday, according to a statement released by Hon Hai Precision Industry Co. (2317.TW), Foxconn's parent company. It said the cause of the tragedy wasn't immediately clear and Chengdu police were still investigating. Taiwan tech giant Foxconn, which assembles products for Apple, Sony Corp. (SNE) and Nokia Corp. (NOK), has come under the spotlight after suicides and labor unrest at its Chinese plants since 2010. At least 13 employees died in apparent suicides in 2010, followed by several others in 2011. Activists blamed tough working conditions, leading to calls for better treatment of the company's staff. Although Foxconn denied the accusations, it raised wages by nearly 70% at its China plants in 2010. Foxconn employs about a million workers in China, roughly half of them based in its main facility in Shenzhen, which borders Hong Kong. In order to reduce its reliance on labor, Foxconn has planned to use one million robots to do "simple" work, China Business News has quoted chairman Terry Gou saying. Foxconn currently has 10,000 robots doing painting, welding and assembly tasks. It will increase that number to 300,000 next year and to one million in 2014, the report said.

Stock News for Nokia (NOK)
DateTimeHeadline
07/30/201507:00:05Nokia, Alcatel-Lucent Shares Soar on Profit News
07/30/201504:40:22Global Stocks Rise on Upbeat Earnings
07/30/201502:30:06Nokia Beats Expectations on Higher Software Sales
07/22/201508:43:05Nokia Networks Gets Network Deal from Kyivstar in Ukraine
07/21/201518:40:12ADRs End Mixed; Infosys Rises
07/21/201516:50:03Microsoft Reports Biggest Quarterly Loss Ever
07/21/201515:44:29Car Makers Near Deal for Nokia's Map Business
07/21/201515:32:28Audi, BMW and Daimler to Buy Nokia Here -- Source
07/21/201505:30:08Bosch, TomTom to Jointly Develop Maps for Self-Driving Cars
07/17/201504:20:02Ericsson Profit Hit by Higher Costs
07/13/201518:00:03Did Satya Nadella Just Kill Windows Phone?
07/12/201515:25:17Apple's Share of Smartphone Industry's Profits Soars to 92%
07/09/201520:00:03Microsoft Corp. Admits That Its Smartphone Foray Has Been a Disaster
07/09/201506:56:00Finland Government Steps In to Help Laid-Off Microsoft Workers
07/08/201519:23:10Microsoft to Cut 6.6% of Staff, Write Down Nokia Buy--6th Update
07/08/201515:48:28Microsoft to Cut 6.6% of Staff, Write Down Nokia Buy--5th Update
07/08/201515:37:06Microsoft to Cut 6.6% of Staff, Write Down Nokia Buy--5th Update
07/08/201510:46:41Microsoft to Cut 7,800 Jobs Amid Phone Woes--4th Update
07/08/201510:29:16Microsoft to Cut 7,800 Jobs Amid Phone Woes--3rd Update
07/08/201510:05:38Microsoft to Cut 7,800 Jobs Amid Phone Woes--2nd Update

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