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Foxconn decided not to build a factory for producing LCD panels in Wisconsin



Foxconn decided not to build a factory for producing LCD panels in Wisconsin

Foxconn's intention to build a factory for LCD panels in the US state of Wisconsin was very controversial. The criticism has caused enormous state subsidies, as well as the high cost of the local workforce. It seems that Foxconn faced an objective reality and revised its plans. This was stated by Foxconn's Special Assistant to President Louis Woo, who was involved in the negotiation of the transaction.

"We are not building a factory in Wisconsin. You can not use the plant to review our investments in Wisconsin," said Louis Wu.

Louis Wu also noted that the company does not intend to completely leave the facility, but Foxconn is again considering the question of which operations may be best for this site. He added that Foxconn will not be able to compete on the US television market if it uses local work to create LCD panels. Instead of opening a factory for producing television panels, the company could open another factory in Wisconsin. But it will not be a production plant, but a research center. Lewis Wu said about three-quarters of Foxconn's staffing posts would be so-called. opinions on "knowledge". In other words, these are workers with intellectual work, not ordinary workers, as originally planned.

Earlier this month, Foxconn confirmed that engaging employees at the plant was too slow. Initially, the company promised to create around 13,000 jobs in the country, and 3,000 of them should work in the factory for the production of LCD panels. But in 2018, the company was behind schedule and its own promises. Instead of creating 260 jobs promised in 2018, the company could employ only 178 people, which deprives them of their right to tax benefits. Initially, the company has promised to hire 5,200 workers by the end of 2020, but according to Reuters, this figure will actually be only about 1,000. And they will mainly be jobs for highly qualified researchers, not for the working class.

Add, Foxconn received an exemption from compliance compliance with environmental regulations and subsidies in the amount of 4.1 billion dollars. All this was done to ensure that the company created a number of additional jobs in Wisconsin. However, after the contract was published, the terms of the agreement were constantly revised.

Source: On the edge


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