News
SINGAPORE – Venture Corp., a top 10 EMS company, reported net fourth-quarter profits of S$4.6
million, bogged down by non-operational charges, on sales of S$906.9
million.
TOKYO -- Top Japanese electronics OEMs may soon find themselves in the midst of contentious disputes over pay to union workers, several published reports say.
The major unions presented a monthly pay hike offer of 4,500 yen to
management representatives today as part of Japan's annual spring labor-management wage
negotiations.
Corporate responses are due March 18, and it's not at all clear the unions will like them. Management at NEC, Hitachi Panasonic and others are seeking pay cuts, with Hitachi's top personnel affairs officer saying "talks on whether annual pay hikes
should continue are necessary."
NEC is proposing cuts in overtime pay and Toshiba plans to propose a temporary wage reductions as well, reports said.
HANOI -- Foxconn International Holdings (Hon Hai) has received government signoffs to build a $200-million cellphone plant in the Binh Xuyen II Industrial Park in Vinh Phuc province, some 60 km north of Hanoi.
The Vietnam News Agency is reporting production is scheduled to launch in the first quarter next year.
The factory will have capacity of 89 million cellphones and tens of millions of cellphone parts per year, VNA said.
The Vietnam News Agency is reporting production is scheduled to launch in the first quarter next year.
The factory will have capacity of 89 million cellphones and tens of millions of cellphone parts per year, VNA said.
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