Wisconsin governor says Foxconn is again likely to miss job targets
  • In an exclusive interview with CNBC, Gov. Tony Evers said Foxconn is expected to begin production at its new factory next year with fewer workers than initially promised.

  • The Taiwanese contract manufacturer has promised to hire 13,000 people — including 1,800 by the end of 2020 — in exchange for more than $4 billion in incentives.

  • Evers said the company has told him it plans to employ 1,500 people when production begins next May.

  • Foxconn’s top executive in Wisconsin said the company is still committed to its long-term hiring goals.

The giant Foxconn manufacturing complex planned in Wisconsin is likely to continue falling short of the threshold required to begin receiving billions of dollars in state incentives, even after production begins next year. That is according to Gov. Tony Evers, who says his administration has now gotten “clarity” from the Taiwanese electronics manufacturer on its plans — which are much less ambitious than they were originally portrayed...


Ken Notes: I am not sure the plans are less ambitious as they look for new products to develop and manufacture they will just take longer. We are sort of comparing Ford to Tesla here.

- - Volume: 7 - WEEK: 31 Date: 8/1/2019 6:01:48 AM -