Tata Group, the Indian multinational conglomerate, is reportedly in the final stages of acquiring Wistron’s iPhone manufacturing facility in India. The deal, worth over Rs 5,000 crores, is expected to be completed by the end of April. The facility, located in Karnataka, currently produces iPhone 14 and 12 models and is equipped with eight assembly lines.

Following the acquisition, Tata Group plans to begin assembling the iPhone 15 later this year. The move could see India become a key manufacturing hub for Apple products, as three Taiwanese firms – Wistron, Pegatron, and Foxconn – currently assemble Apple products in India. While Wistron is leaving the country’s iPhone business, Foxconn and Pegatron have recently expanded their production operations.

Tata Group’s interest in Apple manufacturing comes as the Indian government actively pushes for the country to become a production hub, and Apple seeks to move out of China. Industry experts suggest that the acquisition could prove lucrative for Tata Group, with speculations that the company may move on to acquire Pegatron’s iPhone manufacturing facilities once the Wistron deal is finalized.

However, the acquisition may also result in job losses, as sources indicate that around 2,000 factory workers may need to depart. Additionally, a reduction of 400 mid-level executives and the departure of 4-5 senior executives are also on the cards. Despite this, Tata Group has reportedly begun organizational changes at the facility in preparation for the acquisition.

The move highlights the growing trend of multinational conglomerates expanding their presence in the tech industry, with Tata Group joining the ranks of Apple’s current manufacturing partners. As the tech industry continues to grow and evolve, the acquisition could have significant implications for both Apple and the Indian manufacturing sector.

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The effects of the tension in the Foxconn factory still continue. A riot broke out yesterday at the company’s factory in China. Over 100 Foxconn workers were seen pushing past outnumbered guards. Several videos were posted on social media, with one showing workers pushing past barricades as witnesses chanted “fight, fight” in the background. Several workers were injured at the plant responsible for producing 50% of iPhones sold worldwide. Lastly, Foxconn offers workers $1,400 to stop protesting and leave the factory.

Foxconn offers workers $1,400 to stop protesting and leave iPhone factory

After the events escalated, Foxconn took action to end the protests. The company has offered workers a $1,400 (10,000 yuan) settlement in an attempt to end protests at the facility. According to the information received, this is a money equivalent to approximately two months’ salary of these workers.

Foxconn offered 8,000 yuan ($1,120) to workers who agreed to quit their positions at the factory, and another 2,000 yuan (around $280) after they boarded buses to depart the facility. The offer was made by the human resources department of the company by sending a text message. However, the problem that caused the workers’ revolt in the first place was the already delayed bonus payments. So, it is unknown whether the employees accepted the offer or not. Still, the Apple supplier has apologized, claiming that the miscommunication on share was the result of a ‘technical error’.

Foxconn factory was forced to lock down in October following a covid outbreak because of China’s strict “zero-covid” policy. Since than the company prevented assembly line workers from leaving the factory surroundings and forced workers to consume their meals inside dorm rooms instead of eating in the dining room. In fact, some employees, tired of the restrictions, secretly escaped from the factory and resigned.

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(Source)

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