Apple manufacturer Foxconn reckons it will create one million jobs in India by 2020 – nearly the entire number of its current Chinese workforce – according to reports.
Hon Hai otherwise known in the West as Foxconn, last month revealed it was setting its sights on India due to increasing wage costs in China.
The firm has not released any more details or elaborated on what the plans will mean for its Chinese manufacturing base. However, it does appear to be slowly fleshing out a relocation move.
(Score: 4, Insightful) by Anonymous Coward on Tuesday July 14 2015, @01:14PM
and yet it didn't take more than 15 years to lose most its "labor market"
That is thru the actions of things such as NAFTA. We used to protect our labor forces because we felt it was strategic to do so from a military standpoint. But that giant sucking sound was our economy turning into a paper tiger. The way they sold it was 'it would be too expensive to move the factory'. Well apparently it wasn't.