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Equity Bottom-Up

Hon Hai Precision Industry / Equity Bottom-Up

<ul><li>Apple Inc. supplier Foxconn Technology Group is trying all means including higher pay to lure runaway workers back to its Zhengzhou factory</li><li>Starting Nov. 1, Foxconn’s Zhengzhou factory offered an allowance of 400 yuan ($55) a day to any workers showing up for work this month, up from the regular attendance allowance of 100 yuan</li><li>It’s not clear how many workers left the factory, but online photos showed hundreds of workers waiting to board buses to their hometowns.</li></ul>

Apple Inc. supplier Foxconn Technology Group is trying all means including higher pay to lure runaway workers back to its Zhengzhou factoryStarting Nov. 1, Foxconn’s Zhengzhou factory offered an allowance of 400 yuan ($55) a day to any workers showing up for work this month, up from the regular attendance allowance of 100 yuanIt’s not clear how many workers left the factory, but online photos showed hundreds of workers waiting to board buses to their hometowns.

Foxconn Offers Cash and Rides to Lure Back Runaway Workers