Foxconn Unit To Cut Over 10,000 Jobs As Robotics Take Over (nikkei.com)

According to Nikkei Asian Review, "Foxconn's panel arm Innolux is planning to slash more than 10,000 jobs this year as part of the company's aggressive efforts to increase the use of automation in manufacturing." Honorary Chairman Tuan Hsing-Chien said in a press conference on Tuesday: "We will reduce our total workforce to less than 50,000 people by the end of this year, from some 60,000 staff at the end of 2017." From the report: Innolux is a liquid crystal display-making affiliate of major iPhone assembler Hon Hai Precision Industry, better known as Foxconn Technology Group. Tuan is also a technology adviser to Foxconn, Sharp and Innolux. Tuan said up to 75% of production will be fully automated by the end of 2018. Most of Innolux's factories are in Taiwan. Tuan's pledge came a few days after Foxconn Chairman Terry Gou said the company would pour in some $342 million to overhaul its manufacturing process by using artificial intelligence.

Comments

Re:Cool story, bro.

[Anonymous Coward]

You're using some lovely RIAA math there, sport.

Wisconsin is paying nothing by offering tax breaks and tax credits for a company that otherwise would not even be setting up shop in Wisconsin.

Wisconsin is paying nothing for maintenance of the roads and public utilities that the factory is using? There is no other business that could possibly set up in these facilities? Are you saying that the people of Wisconsin are too stupid to find a use for the facility on their own?

Re:Cool story, bro.

[LynnwoodRooster]

Wow, I didn't realize the drivers of the vehicles going to that factory were exempt from paying gas taxes! I didn't realize that the factory gets its water, power, sewer and trash services for free! Awesome!