No it doesn't. It displaces relatively low-skilled jobs (regardless of any union affiliation, if any) with fewer, but higher skilled jobs.
"The high wage begins down in the shop. If it is not created there it cannot get into pay envelopes. There will never be a system invented which will do away with the necessity for work."-- Henry Ford
And as I stated bluntly before, globalized outsourcing operates opposite to this approach: it utilizes cheaper labor and less sophisticated manufacturing processes to undercut the capital investment necessary for automation.
Incidently, lax safety and environmental regulations in foreign nations also undercut capital investment requirements vis a vis domestic production facilities.