Hon Hai Hands Over Management of Staff Dorms
Taiwan’s Hon Hai Precision Industry Co. said late Friday it agreed to hand over the management of staff dormitories in China’s Shenzhen, where it employs nearly 450,000 workers, to two property management firms as it seeks to improve employee conditions where several employee suicides occurred recently.
Hon Hai, also known under the trade name Foxconn Technology, signed a memorandum of understanding with two China-based commercial property management companies, Shenzhen CPM Property Management Co., and Kaiyuan Property Management, to take over management of Foxconn’s 153 employee dormitories that are linked with the company’s Longhua and Guanlan campuses outside Shenzhen, Hon Hai said in a statement.
“Providing employees with basic necessities including a safe and convenient place to live at the work-site might have been sufficient in the past, but this arrangement no longer satisfies the needs of the young migrant workers of today,” Foxconn Corporate Executive Vice President Terry Cheng said in the statement.
