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  Foxconn May Close Factories In China

  Posted: June 12th, 2010, 10:35am MDT by Soulskill

  ChiefMonkeyGrinder writes "Foxconn, the manufacturer whose clients include Apple, Dell, and HP, is on the verge of pulling out of China after a spate of suicides. The CEO has accused workers of killing themselves for financial compensation, and the company has stopped suicide payments to suicide victims' families. Foxconn's CEO also told investors that it is considering moving its production operations to Taiwan, and automating many parts of its business, a move which could see 800,000 workers lose their jobs."

  

  Read more of this story at Slashdot.