TNCs (Apple example) Flashcards
when was apple founded
1976
where did apple move its European HQ to
Cork in Ireland
how many people does apple employ in iMac production in Cork
4,000 workers directly into iMac production and call centre (is Cork’s largest private employer)
why did Apple move to Ireland
low corporation tax (12.5%- second lowest in the EU)
positives of apple’s involvement in Ireland for Ireland
attracted other high-tech firms to the area
attracted a highly skilled workforce
company has contributed to infrastructure improvements in Cork
enhanced Ireland’s reputation
what has apple been accused of not doing in Ireland
creating sufficient work for local people
no product association with Ireland
what percentage of employees are irish in the irish apple factory
60%- causes tension as migrants put pressure of services and housing infrastructure
why are iMac’s made in Ireland
they are expensive to ship so cheaper to make it close to the marketplace
low corporation tax
how many people does apple DIRECTLY employ in china
over 40,000 jobs
benefits of apple being in china for china
brought in investment
employees earn $200 a month (above average)
receive education and training
example of terrible working conditions at Foxconn in China
in 2010 50 workers were poisoned by a toxic chemical used to clean iPad screens
by the end of 2010 14 suicides had occurred largely as a consequence of severe working conditions
how many people work at Foxconn
200,000
what percentage of apple’s market is in the USA
44%
what percentage of apple staff in the USA are being paid above the average wage for the USA
26%
benefits of apple in the USA for the USA
thousands of highly skilled staff (r and d)
leaders of high tech industry - attracting investment
employ young staff