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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.
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Foxconn to Hire 1 Million People in India by 2020
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If you find a solution and become attached to it, the solution may become
your next problem.
(Score: 2) by Phoenix666 on Tuesday July 14 2015, @04:51PM
You know, I don't think so. In much of the rest of the world, the government has civil society to buffer it from the immediate consequences of its poor decisions. China doesn't have that because its government eliminated civil society as a threat to its power. As such, the power of the CCP is absolute, but absolutely brittle. The CCP faces essentially the same challenge that the Deep State faces in the West: how to funnel ever more wealth and power to the coffers of the few without suffering the ire of the masses. On the other hand, Chinese labor suffers under no illusion of universal suffrage the way Western populations have. Will their backlash be greater than ours, accordingly? Hard to say, but they will no more escape the coming revolution than we will.
Washington DC delenda est.
(Score: 2) by AndyTheAbsurd on Tuesday July 14 2015, @04:58PM
They only saved themselves from one revolution. There's always another revolution after that! (And they have made that one worse with their current actions. Whether or not they can save themselves from it when it comes remains to be seen.)
Please note my username before responding. You may have been trolled.