Electronics Production |
No job cuts as Foxconn adds 300,000 robots
Foxconn will add 300,000 robots to the assembly line in 2011 but will not lay-off any workers according to comments made by founder and chairman Terry Guo.
State run Xinhua News Agency has reported that Foxconn will produce roughly 1000 robots a day to perform routine and riskier jobs in an effort to raise productivity. In a meeting Chairman Terry Guo reportly pledged that the company would not make any job cuts next year because of the robots.
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Source: Bloomberg
