Collaboration crucial for Industry 4.0 to take off: Tharman

Singapore

INDUSTRY 4.0 is a challenge as it will lead to fewer manufacturing jobs in the long term, even as it holds "immense opportunities" for countries and businesses around the world, said Deputy Prime Minister and Coordinating Minister for Economic and Social Policies Tharman Shanmugaratnam on Tuesday.

"There will be much higher-quality jobs, but they will not be as many," he noted.