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Apple iPhone Maker Sees 7th Employee Suicide This Year

The company that builds the Apple Inc. (AAPL) iPhone and HPs (HPQ) computers is facing a France Telecom-like situation.

At least seven workers at the Hon Hai Groups China factories have committed suicide this year, and two others tried, although the company isnt elaborating on why.

Bloomberg reported on Monday that managers at Hon Hai Group which also is known as Foxconn Technology Group have brought in 100 counselors to better support the companys 800,000 employees in China. Theyve also established an emotional support hotline and instituted prayers from Buddhist monks, Bloomberg reported.

Foxconn is the worlds largest contract manufacturer of electronics. And the employee deaths are eerily similar to the ones experienced at France Telecom as that company has morphed from a state-run provider with lots of perks and job security to a privately held, more American-like corporation. More than 30 France Telecom employees have killed themselves since 2008. When it comes to Foxconn, observers told Bloomberg that factory conditions are to blame for the recent suicides, and that the problem exists throughout China. Foxconn just happens to attract most of the media attention because of its relationship with Apple, a source told Bloomberg.

Hon Hai Group is based in Taipei and is owned by Terry Gou, Taiwans richest man.


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