Foxconn discussing the possibility of price hikes to offset wage increases
We'd already heard that Foxconn was looking to recoup some of the additional costs spurred on by wage increases by moving some production to Vietnam or Taiwan (as well as to a new facility in China's Henan province), and it now looks like the company might be taking some additional measures as well. According to The Wall Street Journal, Foxconn (also known as Hon Hai) says it will discuss the "possibility" of raising product prices with its clients to further offset the wage increases -- which, of course, were prompted by the recent spate of suicides at the manufacturing giant, and are set to go into effect this October. Details on those potential price increases are still light beyond that, however, with Foxconn only saying that they would "vary depending on the client and product."
