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The Foxconn Con Just Keeps On Getting Better!
The Milwaukee Journal Sentinel published a rather interesting article in their Business section this morning about another apparently unadvertised feature in the Foxconn deal negotiated by Governor Scott Walker on behalf of the State of Wisconsin. As you may remember, the state may be on the hook for $4 billion in incentives to Foxconn if they meet certain hiring requirements for the plant that they have under construction in Racine County. But Foxconn has already changed the size of the plant and the product line it is going to manufacture and the number of manufacturing employees they are going to need. Hmmmph!
Well here’s a few interesting NEW tidbits from the article:
The Wall Street Journal reported Tuesday that Foxconn “is considering bringing in personnel from China” to help staff its Wisconsin manufacturing operations — a report Foxconn quickly denied.
Citing “people familiar with the matter,” the newspaper said Foxconn Chairman Terry Gou “is looking to company engineers in China to transfer” to Wisconsin. Gou is upset that few have volunteered to move if called upon, the newspaper said.
“We can categorically state that the assertion that we are recruiting Chinese personnel to staff our Wisconsin project is untrue,” Foxconn said in a statement.
Citing “people familiar with the matter,” the newspaper said Foxconn Chairman Terry Gou “is looking to company engineers in China to transfer” to Wisconsin. Gou is upset that few have volunteered to move if called upon, the newspaper said.
“We can categorically state that the assertion that we are recruiting Chinese personnel to staff our Wisconsin project is untrue,” Foxconn said in a statement.
Given some of the changes they have already made as briefly listed above and outlined in more detail in the linked article, I am not sure I want to take Terry Gou’s word over that of the Wall Street Journal. History has some relevance at times.
Read more: http://bloggingblue.com/2018/11/the-foxconn-con-just-keeps-on-getting-better/