An unspecified number of employees at Foxconn, a large manufacturer of Apple products in Taiwan, might be losing their jobs to robots—up to one million of them—over the next three years. Unfortunately, to become more competitive, several workers at Foxconn will face unemployment by 2014.
The transition to robotic labor will help combat rising labor expenses and improve efficiency, said Terry Gou, founder and chairman of the company, late Friday. The company currently has 10,000 robots and the number will be increased to 300,000 next year and 1 million in three years, according to Gou. The company currently employs 1.2 million people.