Bonso Electronics Reports Labor Cost Increase for Calendar Year 2013
14 Marzo 2013 - 1:30AM
Bonso Electronics International, Inc, (Nasdaq:BNSO) today reports
labor cost increase for calendar year 2013.
In accordance with the latest regulations from the government,
the basic salary of direct labor will increase by 18.8% starting
from May 1, 2013. The company has decided to adopt this salary
increase from March 1, 2013 to retain its competitiveness, as many
of the nearby factories have already followed this change since
March 1, 2013. The change will increase not only the direct
labor cost but also the material cost from our suppliers. The
company will continue to refine its manufacturing process and
product design to cope with the cost increase.
About Bonso Electronics
Bonso Electronics designs, develops, manufactures, assembles and
markets a comprehensive line of electronic scales, weighing
instruments, and health care products. Bonso products are
manufactured in the People's Republic of China for customers
primarily located in North America and Europe. Company services
include product design and prototyping, production tooling,
procurement of components, total quality management, and
just-in-time delivery. Bonso also independently designs and
develops electronic products for private label markets. For further
information, visit the company's web site at
http://www.bonso.com.
This news release includes forward looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities and Exchange Act of 1934, as
amended. Forward looking statements may be identified by such words
or phrases as "should," "intends," "is subject to," "expects,"
"will," "continue," "anticipate," "estimated," "projected," "may,"
"I or we believe," "future prospects," or similar expressions.
Forward-looking statements made in this press release, which relate
to the demand for our products, among other things, involve known
and unknown risks and uncertainties that may cause the actual
results to differ materially from those expected and stated in this
announcement. We undertake no obligation to update
"forward-looking" statements.
CONTACT: For more information please contact:
Albert So
Chief Financial Officer
Tel: 852 2605 5822
Fax: 852 2691 1724
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