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China market: Foxconn sees lower labor costs in 2009, says paper

CBN Daily, April 20; Joseph Tsai, DIGITIMES Asia Tuesday 20 April 2010 0

Foxconn Electronics (Hon Hai Precision Industry) had 118,700 employees in China at the end of 2009, up 9.7% from 108,200 in 2008; however, the company's total labor costs dropped 27.83% from US$672 million in 2008 to only US$485 million in 2009, meaning...

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