By the end of April, Tata Group plans to complete the acquisition of Wistron’s iPhone manufacturing facility. India’s first domestic production line for Apple products will be provided via the deal. According to the Business Line, many employees would lose their jobs as a result of the acquisition as well.
According to reports, the Tata Group has started making organisational changes at the factory, and it is anticipated that over 2,000 workers will be let go as part of the acquisition process.
Also, there is a strong likelihood that 400 midlevel employees in the Bangalore plant will be let go. Furthermore, four to five senior-level executives are leaving right now or have been instructed to go.
Notwithstanding the impending layoffs, Tata has taken a number of steps to expand its business with Apple, which will also lead to the hiring of more staff at its Tamil Nadu facility that manufactures iPhone components. Also, there are rumours that Pegatron’s iPhone production facilities may be acquired by Tata.
Also, after the acquisition, the Indian conglomerate might start producing the iPhone 15. Eight production lines are now being used in Wistron’s Indian plant to produce the iPhone 12 and iPhone 14. Wistron will no longer have a presence in the Indian market if Tata acquires the Bengaluru plant since this was their only location making Apple products in India.
Wistron, Pegatron, and Foxconn are the major Taiwanese companies that assemble Apple products in India. While Foxconn and Pegatron have increased the size of their manufacturing facilities in India, Wistron is departing the country.