Apple steps up labor audits, finds underage workers, fires supplier

[onehandle]

Source: Reuters

In an interview on Thursday, Apple senior vice president of operations Jeff Williams said the company has increased its efforts to solve two of the most challenging issues - ensuring there are no under aged workers in its supply chain and limiting working hours to 60 hours a week.

While child labor reflected a small percentage of the workforce, Apple is now investigating its smaller suppliers - which typically supply parts to larger suppliers and hence face less oversight on such issues - to bring them into compliance, sometimes even firing them.

"We go deep in the supply chain to find it," Williams said. "And when we do find it, we ensure that the underage workers are taken care of, the suppliers are dealt with."

In one case, Apple said it terminated its relationship with a component maker Guangdong Real Faith Pingzhou Electronics Co Ltd after discovering 74 cases of underage workers.

Read more: http://news.yahoo.com/apple-steps-labor-audits-finds-underage-workers-063934909--finance.html

[CountAllVotes]

1. gee no wonder their stock is dropping like a rock

As for those $1,000.00 a share predictions from the crooks on Wall Street, well that did not quite happen did it? Instead we've got child labor and more junk junk junk used to make gadgets that might last for 6 mos.

And now this.

I think some of the rotten Apple's core is ridden with diseased parasites that are just beginning to get routed out as the infestation is being realized.

[onehandle]

2. Apple is the only tech company doing something about labor conditions in China.

Samsung, Google, Amazon, Dell, HP, not so much.

Their profit margin depends on slave labor.

Meanwhile 74% of smartphones sold by AT&T and Verizon last quarter were iPhones. Wall Street is nuts.

[adieu]

3. Apple's stock is dropping

because the profits they're making is still hand over fist, but both the hand and fist are a bit smaller. I have no clue why people think that since they're not making as huge a profit as they used to, that it's going to drop. Saner investors will come back in a few days.