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Technology Stocks : Nokia (NOK)
NOK 6.195-1.3%Dec 15 3:59 PM EST

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From: pcstel9/28/2012 8:23:07 PM
   of 34857
 
SHAME ON JOKIA

Apple factory workers in China make nearly 300% MORE than Nokia Factory workers in Inida.

Foxconn raising factory salaries again

The company said it plans to increase pay to 2,000 yuan ($293) from 1,200 ($176) yuan, an increase of about 67 percent.

Nokia Says Chennai Plant Conditions Better Than Report Concludes

>Permanent employees at Nokia make 6,000 rupees ($125) to 11,666 rupees a month compared with a minimum wage for India calculated at 7,967 rupees a month by the Asia Floor Wage campaign, according to the report. Nokia disagrees with the rights groups’ comparison of its wages paid in Chennai with minimum wages in the New Delhi area, Dawson said.

Contract workers received a lower wage of 4,400 rupees monthly, according to the report. Chennai workers said they needed at least 9,000 rupees monthly to rent a room and start a family, it said.<

Contract workers at Jokia Chennai Plant make only $3 a day.

Those 50% GM and lower ASP's on Nokia phones come at the expense of exploited employees in Inida working in horrible working conditions..
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