Via Reuters: Apple will dip into its $100 billion cash pile and help offset Foxconn’s expenses in improving factory conditions and worker hours. The announcement came from Foxconn’s Terru Gou as the company broke ground for a new Shanghai HQ. This is the latest of Apple’s attempts to improve its relationship with its Chinese manufacturing partners. Early this year, Apple was criticized for turning a blind eye to long hours and cramped living conditions at partner factories. The company responded swiftly, and invited the Fair Labor Association to audit Foxconn. As more evidence that it was taking the issue seriously, Tim Cook made a personal visit to a factory in Zhengzhou–the first Apple CEO to do so. Also, in response to FLA’s scathing review, Apple has been posting monthly updates about ongoing improvements.
collectionsInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.