iPhone Assembler's Billionaire CEO Chafes at China Overtime Caps
- Foxconn’s Terry Gou argues Chinese want to work more hours
- Gou is addressing criticism it mis-treats a million workers
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The billionaire chief of Foxconn Technology Group, Apple Inc.’s main iPhone assembler, argues that China’s “unreasonable” restrictions on overtime hours hurts his workers and the company’s competitiveness.
Taking aim at criticism Foxconn over-works its employees to meet soaring demand before the annual holiday shopping season, Terry Gou told shareholders his workers actually want to work more hours and that forcing them to put in less time reduces their income.