BEIJING/TAIPEI (Reuters) – More than 1,000 employees went on strike at a China factory owned by Hon Hai Precision Industry Co Ltd (2317.TW), the world’s biggest electronics contract manufacturer, demanding higher wages and better benefits, a labor watchdog said on Thursday. The workers held the strike at the factory run by Foxconn, Hon Hai’s trade name, in the southwestern city of Chongqing on Wednesday, after the company “significantly” cut workers’ overtime hours in the wake of reduced orders from client Hewlett-Packard Co (HP) (HPQ.N), said U.S.-based China Labor Watch (CLW).