Foxconn Considers Bringing Chinese Workers to Wisconsin as U.S. Labor Market Tightens

The Taiwanese supplier to Apple must meet hiring, wage and investment targets by various dates to receive tax and other ‘performance-based’ benefits

MOUNT PLEASANT, Wis.— Foxconn Technology 2354 -0.45% Group is considering bringing in personnel from China to help staff a large facility under construction in southern Wisconsin as it struggles to find engineers and other workers in one of the tightest labor markets in the U.S.

The company, the Taiwanese supplier to Apple Inc., has been trying to tap Chinese engineers through internal transfers to supplement staffing for the Wisconsin plant, according to people familiar with the matter.

The state pledged $3 billion in tax and other “performance-based” incentives to help lure Foxconn, and local authorities added $764 million. Foxconn must meet hiring, wage and investment targets by various dates to receive most of those benefits...


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Ken Notes: I fear the negative speculation that will come with this. My guess is they will bring some pretty bright people to work alongside our pretty bright people to make some very sharp (pun intended) products. Lets worth with Foxconn because it is in our best interest for them to succeed.



- - Volume: 6 - WEEK: 45 Date: 11/8/2018 9:11:13 AM -