Chinese Apple, Samsung contractor buys robots, eliminates 60K employees

KUNSHAN , China, May 27 (UPI) — A massive Chinese electronics factory, the clients of which include Apple and Samsung, says it slashed 60,000 jobs by bringing in robots. The Foxconn plant in Jiangsu province is one of many manufacturing facilities, many Taiwanese-owned, in the county of Kunshan, an electronics hub. After a 2014 explosion and fire — blamed on inadequate safety standards and hit-or-miss industrialization — killed 146 workers and injured the city’s reputation, automation has been the byword. So has the reduction of labor costs. Foxconn and 34 other Taiwanese companies spent $610 million in 2014 on artificial intelligence, including manufacturing robots, the company said. The result is a quick and staggering reduction in employees, and about 600 other companies in Kunshan are ready to duplicate the effort.…


Link to Full Article: Chinese Apple, Samsung contractor buys robots, eliminates 60K employees