Hon Hai to Boost China Work Force to One Million This Year
Hon Hai Precision Industry Co., the world’s biggest contract manufacturer of electronics products, said Wednesday it plans to significantly boost its China work force to underpin growth.
At a news conference in Shenzhen, the company said it would increase its work force in China by nine percent this year to one million. It also plans to raise its total China work force by an additional 20 to 30 percent in 2011.
But the manufacturer expects to reduce the number of its workers in Shenzhen to between 300,000 and 350,000 employees within the next five years, from 470,000 now, as it converts plants into research-and-development and quality-testing centers.