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REUTERS
Apple and its main contract manufacturing Foxconn agreed to tackle violations of conditions among the 1.2 million workers assembling iPhones and iPads.
Apple shares hit an all-time high as the company announced it would investigate the alleged “sweat shop” conditions in its supplier’s factories.
The shares broke through the $500 (about R4 000) mark in early trading in New York, valuing the electronics monolith at just shy of £300bn.
It came as the Fair Labor Association began investigating the conditions in the facilities of Foxconn, the company that manufactures the iPad and iPod, at Apple’s request.
Evidence previously emerged that workers at the Taiwanese firm’s factories were forced to work seven days a week in cramped conditions with limited safety protection. Last year two explosions in iPad factories killed four people and injured many more, and in 2010 one of the plants, which employs 400,000 workers, saw a string of staff suicides.
“We believe that workers everywhere have the right to a safe and fair work environment, which is why we’ve asked the FLA to independently assess the performance of our largest suppliers,” said Apple chief executive Tim Cook.
Investigators will have “unrestricted” access to Foxconn’s Shenzhen and Chengdu plants.
They will publish results in March before turning to assess conditions in the facilities of Quanta and Pegatron, two other Apple suppliers. - Daily Mail
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farhaad, wrote
zale, wrote
Jakes, wrote
So, if they now find that it is a sweatshop and need to put more safety measures in we will have to pay even more for the Apple products.
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