Electronics company which supplies Apple and Samsung replaces 60,000 staff with robots

An electronics company which supplies Apple and Samsung has replaced 60,000 staff with robots. Foxconn, the Taiwanese company which assembles iPhones and iPads, has brought in machines to perform repetitive tasks and axed more than half its 110,000 staff at a factory in China. Water company Pennon has marginally increased profits thanks to growth in its waste management business. The firm, which owns South West Water and Bournemouth Water, reported pre-tax profits up 0.3 per cent to 211.3m in the year to the end of March. Profits at South West Water fell 4.9 per cent to 159.7m but earnings at its Viridor waste recycling business rose 45 per cent to 116.5m.