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Foxconn Chairman Terry Gou cuts the company's long-term sales growth target to 15% from its...

Foxconn Chairman Terry Gou cuts the company's long-term sales growth target to 15% from its longstanding 30%, asking how many $60B companies with nearly 1M employees still set growth targets that high. Foxconn, which manufactures products for Apple (AAPL), Dell (DELL) and Nokia (NOK) among others, faces more than just success of size; Apple's growth hasn't offset slowing PC sales, and a spate of suicides forced the company to raise wages.
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Comments (2)
  • Barry Crocker
    , contributor
    Comments (454) | Send Message
     
    You know they're looking to move their slave labor camps into rural China ... so they can cut wages ?

     

    An awful organisation.
    5 Sep 2010, 05:52 PM Reply Like
  • Rhianni32
    , contributor
    Comments (2014) | Send Message
     
    If they are moving jobs to cut wages why does the article say they also doubling the wage?
    I'm not defending them or disagree that they are an awful organization as much as wondering if you read that article.
    5 Sep 2010, 07:30 PM Reply Like
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