Foxconn factory goes 'techno'; replaces workers with 60,000 robots!

(Image for representational purposes only)

New Delhi: Foxconn, an Apple and Samsung supplier, has proved how we are moving toward a digital age.

One of the company's factories has reduced its manual labour and replaced them with 60,000 robots, according to reports. Not only this, more companies are likely to follow suit.

Seems like China is investing heavily in a robot workforce.

As per a report in BBC, Foxconn Technology Group confirmed that it was automating "many of the manufacturing tasks associated with our operations" but denied that it meant long-term job losses.

BBC further reported that, since September 2014, 505 factories across Dongguan, in the Guangdong province, have invested 4.2bn yuan (£430m) in robots, aiming to replace thousands of workers.

Economists, however, have a different take on this automation, saying that it will affect the job market, with one report, from consultants Deloitte in partnership with Oxford University, suggesting that 35% of jobs were at risk over the next 20 years.