Foxconn fund scandal
By Wang Xiang |
June 5, 2010, Saturday
|
Print Edition
Print Edition
A FOXCONN factory in eastern China's Shandong Province is said to have refused to pay into the housing provident fund, a compulsory social welfare, for its 80,000 workers in five years.
The Foxconn factory in Shandong's Yantai City could save more than 200 million yuan (US$29 million) every year by holding back its workers' housing funds, the Beijing-based Economic Information Daily reported yesterday.
It is the latest scandal to hit the world's largest contract electronics manufacturer after a spate of 10 suicides at Foxconn's Shenzhen plant highlighted long working hours and low pay.
Several Foxconn Yantai workers told the newspaper that they were recruited into Foxconn when the factory was established in 2005. But the company never paid a cent of their housing fund.
A lawyer told the newspaper that Foxconn should have paid at least 2,500 yuan into the housing fund for every worker every year.
One worker at Foxconn Yantai, who refused to reveal his name, said he talked to his boss, hoping to get his housing fund money. He was told he could either keep silent or leave the factory.
The Foxconn company has refused to comment on the case.
Zhang Xiang, an official with Yantai Housing Fund Management Center, told the newspaper that Foxconn Yantai did not pay into the housing fund.
Zhang said the authorities were incapable of doing anything because Foxconn was the biggest tax payer in Yantai.
The Foxconn factory in Shandong's Yantai City could save more than 200 million yuan (US$29 million) every year by holding back its workers' housing funds, the Beijing-based Economic Information Daily reported yesterday.
It is the latest scandal to hit the world's largest contract electronics manufacturer after a spate of 10 suicides at Foxconn's Shenzhen plant highlighted long working hours and low pay.
Several Foxconn Yantai workers told the newspaper that they were recruited into Foxconn when the factory was established in 2005. But the company never paid a cent of their housing fund.
A lawyer told the newspaper that Foxconn should have paid at least 2,500 yuan into the housing fund for every worker every year.
One worker at Foxconn Yantai, who refused to reveal his name, said he talked to his boss, hoping to get his housing fund money. He was told he could either keep silent or leave the factory.
The Foxconn company has refused to comment on the case.
Zhang Xiang, an official with Yantai Housing Fund Management Center, told the newspaper that Foxconn Yantai did not pay into the housing fund.
Zhang said the authorities were incapable of doing anything because Foxconn was the biggest tax payer in Yantai.
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