re: Apple Supplier Foxconn Will Reduce Working Hours
Well, Apple fans, the cost of your shiny new Apple products just went up. That's how you can read this story.
What's surprising to me is that workers under Chinese law can only work 49 hours a week. Having held positions in the past where clocking 70+ hours a week (without overtime) was just part of getting the job done, 49 hours would have felt like I was on vacation.
And perhaps FoxConn hasn't been dealing appropriately with their employees given how they compute compensation for overtime (i.e. working 29 minutes over and not getting paid for it), but as the story says, only 14% of the workforce was affected.
Basically, it's going to come down to whether, in the end, the consumer wants "lower cost" electronics from Apple whether they want the workers that produce those electronics to be treated and compensated "fairly" according to the Fair Labor Association. Only time will tell, but certainly expect to see the cost of Apple products to increase because of this change in how FoxConn does business - either due to increased costs for production or due to a "shortage" of the devices. Of course, this could also give Apple reason to create a "manufactured shortage" in order to drive prices up and claim it's due to demand.
Either way, the consumer/end user should expect to feel the repercussions of these actions.