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Foxconn unit to cut over 10,000 jobs as robotics take over

Taiwan's Innolux upbeat on mini LED display that can be used in cars

Foxconn’s display-making affiliate Innolux said it would cut workforce by at least 16% this year as it introduces artificial intelligence and more automation to its factories.

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.

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