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Foxconn to build a $1 billion factory in Indonesia – create 1 million jobs

The chinese are offshoring their work to find cheaper labor…

 

The market leading computer manufacturer Foxconn is planning a new $1 billion facility in Indonesia.

The new manufacturing plant will create around 1 million jobs in the region. Foxconn is currently discussing its plans with the Indonesian Ministry of Industry.

Foxconn already operates several manufacturing plants in China and Brazil, where it assembles electronic goods for many of the world’s biggest technology companies.

In a statement released yesterday, the company says it was attracted to Indonesia over Malaysia and Vietnam due to its high rate of economic growth – around 6 per cent a year. It also noted that the region is “sorely in need” of formal jobs, giving it a large workforce used to wages of around $100 a month.

 

Source: Games Industry - Foxconn planning $1 billion facility in Indonesia

 

 

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