Tech Giant Plans to Employ Robots for Production Lines
Taiwan-based Foxconn Technology Group is planning to replace 30% of it&rsquo;s workforce with robots, replacing jobs involving monotonous tasks such as putting together components in electronic gadgets. The company wants to move the workforce from its production lines into jobs that require critical thinking and decision making.
Taiwan-based Foxconn Technology Group (Hon Hai Precision Industry Co.) is planning to replace 30% of it’s workforce with robots, reports Nikkei Asian Review.

The endeavor will allow Foxconn to replace jobs involving monotonous tasks such as putting together components in electronic gadgets. The company aspires to move the workforce from it’s production lines into jobs that require critical thinking and decision making.

Terry Gou, Chairman of the Foxconn Group, had recently stated that Foxconn will require about three years to automate the majority of its product assemblies. The increased automation will result in higher efficiency.

Foxconn currently employs around 1.3 million workers in factories. The company is planning to transition workers to higher tasks like software development, e-commerce, artificial intelligence and designing human-computer interfaces.

Terry Gou stated: “I am not replacing jobs with robots. I am having workers do work that require thinking.”

The announcement was made at Foxconn’s Annual Shareholders Meeting held on June 25. The shareholders have extended their support in taking the initiative forward.

Foxconn has been developing robotics technology to be used in the field of automated production for quite some time. The executives have identified this area to be one of the core businesses of the company in the future.

Image credits: Bloomberg via Getty Images