TAINAN, Taiwan -- Foxconn's panel arm Innolux is planning to slash more than 10,000 jobs this year as part of the company's aggressive efforts to increase the use of automation in manufacturing, said Honorary Chairman Tuan Hsing-Chien on Tuesday.
"We will reduce our total workforce to less than 50,000 people by the end of this year, from some 60,000 staff at the end of 2017," Tuan said in a press conference.
