Foxconn Technology Group, which makes iPhones and iPads for Apple, still isn’t “off the hook” though a U.S. radio show retracted a program blasting working conditions at one of its Chinese factories, according to “Reuters” (http://macte.ch/p9GHq).
Last week “This American Life” said (http://macte.ch/W8YPN) Mike Daisey’s story about Apple in China — which was broadcast in January — contained significant fabrications. The radio show is retracting the story “because we can’t vouch for its truth.” Still, the Hong-Kong based China Labor Bulletin says Foxconn employed harsh working conditions, while a fund manager with shares in Foxconn’s parent said investors were watching how the company treats workers, notes “Reuters.”
“The retraction has somewhat cleared Foxconn’s name, but not all the way. The press and stock investors will continue to watch how Foxconn treats its workers going forward,” Simon Liu, fund manager and deputy investment officer at Polaris Financial Group’s fund unit in Taipei, told “Reuters.” The unit owns share’s in Foxconn’s parent company, Hon Hai Precision.