Tata Group is all set to finalise its acquisition of Wistron’s iPhone plant by the end of April. The deal will give India its first domestic production line for Apple products. However, along with the acquisition, many employees are going to lose their job in the process as well, reported the Business Line.
Reportedly, the Tata Group has commenced implementing organisational modifications at the factory, and it is expected that around 2,000 employees will be terminated as a component of the acquisition procedure.
Additionally, there is a high probability that the Bangalore factory will undergo a reduction of approximately 400 mid-level employees. Moreover, four to five executives at the senior level are currently departing or have been instructed to leave.
Regardless of the upcoming layoffs, Tata has implemented various measures to increase its business with Apple, which will also result in hiring more employees at its Tamil Nadu facility where iPhone components are produced. There are also rumours that Tata may acquire Pegatron’s iPhone manufacturing units.
Additionally, the Indian conglomerate may commence production of the iPhone 15 following the acquisition. Currently, Wistron’s Indian facility is manufacturing the iPhone 12 and iPhone 14 using eight production lines. Once Tata acquires the Bengaluru plant, Wistron will no longer have a presence in the Indian market as this was their only facility producing Apple products in India.
There are mainly three Taiwanese corporations that assemble Apple products in India, namely Wistron, Pegatron, and Foxconn. Wistron is departing from India, while Foxconn and Pegatron have expanded their production lines in the country.
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