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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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Excellent day for putting Slinkies on an escalator.
(Score: 1) by khallow on Wednesday July 15 2015, @12:59AM
And when the entire population has priced itself out of the labour market, who the hell will have enough money to buy their products?
Why would that happen? I think what I find annoying about arguments on jobs is that one side consistently claims things that never pan out.