Foxconn Employees Exceed 1 Million

Tyler Durden's picture

The Apple borg collective has its foot soldiers too. And it turns out if they were to be mobilized, they would represent the world's fifth largest army... at just over 1 million. Bloomberg reports that the number of employees who diligently bring you your iPad, now exceeds a whopping 1 million. This however, does not make the company the biggest employer in the world: Walmart is reported to have 1.8 million "associates" worldwide, but at Foxconn's rate of growth it would not surprise us if even the staple American company were to be surpassed very soon.

From Bloomberg:

Foxconn Technology Group, the world’s largest contract maker of electronics, said its Chinese workforce now exceeds 1 million employees as the company continues to hire during the holiday season.

Customer demand is spurring hiring, said Woo, who is responsible for supervising employee welfare at the maker of Apple Inc. iPads and Hewlett-Packard Co. computers. China’s exports rose to a record last month, helped by stronger U.S. and European demand, while retail sales grew 19 percent to 1.4 trillion yuan ($210 billion) in October from a year earlier, the Chinese government said.

Foxconn, the largest private employer in China, plans to expand its workforce to as many as 1.3 million by the end of next year, Woo said in an August interview. The Taipei-based company employed about 920,000 workers at that time.

Now here's a thought: what happens when this million realizes it can only buy half a McRib sandwich with the money it makes, courtesy of the primary US export to China, and demands a pay raise. What happens to Apple margins then?

And indicatively, here is a breakdown of troop numbers in various armies.