So with the reduction in labor costs will the prices of the products they make go down? Oh.. wait.. the profits go up. Nevermind.
Foxconn mechanises workforce
Foxconn has announced that 60,000 factory workers have been replaced by robots. Famous for manufacturing Apple and Samsung products, and infamous for a spate of worker suicides, employee numbers at the factory in Kunshan in China were cut from 110,000 to 50,000, according to a local government official. Speaking to the South …
Biting the hand that feeds IT
