Foxconn Says It Plans to Build Factory in Wisconsin, Adding 3,000 Jobs

[Zorro]

Source: New York Times

Foxconn, the Taiwanese electronics supplier for Apple and other tech giants, said Wednesday it would open its first major American factory in Wisconsin, a boost both for the battleground state’s economy and the Trump administration’s efforts to bolster domestic manufacturing.

White House officials noted President Trump’s direct negotiations with Foxconn for the project, which they said would create at least 3,000 jobs and represent a $10 billion investment.

Mr. Trump joined Foxconn’s chairman, Terry Gou, at the White House for an announcement on Wednesday, with two Wisconsin Republicans, Gov. Scott Walker and Paul D. Ryan, the House speaker, in attendance.

The new factory, which would produce flat-panel display screens for televisions and other consumer electronics, could raise Wisconsin’s profile in advanced manufacturing. Older industrial firms in the state, like Harley-Davidson in Milwaukee, have struggled recently, with the motorcycle maker saying last week that it planned to lay off 180 workers.

Read more: https://www.nytimes.com/2017/07/26/business/foxconn-factory-wisconsin-jobs.html

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Wonder if the factory will also include nets to catch the Foxconn workers jumping off the roof.

[guillaumeb]

1. Recommended because of your last line.

And in a bit of irony, the nets are probably made in China.

[Thor_MN]

8. The GOP does not believe in safety nets of any kind

Count on the plant going under in a way that maximizes tax benefits and transferring public money into private hands.

[Pholus]

2. Nets cost money and survivors cost health insurance.

So, no, Republicans would not be for nets.

[AJT]

3. It's being built in Ryan's district.

Randy Bryce doesn't have a prayer. This sucks.

[cstanleytech]

4. This going to be one of those plants where all the parts come in pretty much assembled and

they slap in a circuit board or something in it, put a cover over it and then label it as made in the USA?

[Cicada]

5. 3 billion tax break, one million per job

Maybe Wisconsin could just hire people to improve ports, roads, bridges, communication, job training sites and boost the economy that way. For 75000 per year for ten years. I bet that would help Wisconsin more than a Foxconn plant. Those investments would improve profits for many firms, maybe creating as many jobs as Foxconn. Maybe more.

[dalton99a]

13. Foxconn will automate as much as they can and as fast as they can - so they can lay off people

It's the nature of the tech industry

[dalton99a]

6. Foxconn chairman: "Human beings are also animals, to manage one million animals gives me a headache"

https://en.wikipedia.org/wiki/Terry_Gou

[IronLionZion]

7. They've been planning factories in the US for years, and not done it

so I won't believe it until it's open and people are working there.

[harun]

10. Yeah, just PR fluff

[Dopers_Greed]

9. The devil's in the details

I'm sure they won't be well paying, or a million other things.

But as long as Chump and Ryan get their PR win, right?

[cp]

11. $3 billion Wisconsin taxpayer subsidies for 3,000 jobs

Excuse me?

[mdbl]

14. yes, aren't they benevolent employers??

In the article at USAToday.com it states:

"At $3 billion for 13,000 jobs, the deal would cost $231,000 per job. The subsidies would total more than the combined yearly state funding used to operate the University of Wisconsin System and the state's prison system."

Also, Foxconn has a pretty bad reputation for the poor labor treatment. Scott Walker, however, is all up for that!

[freethought]

12. Does anyone recall Trump crowing about Ford Motors?

At first Ford said it was going to scrap plans to build a plant in Monterrey, Mexico. The truth was they already had a plant in Mexico and were going to utilize its unused capacity instead.

But a while after the cameras were taken away, Ford decided to resurrect the new multi-billion dollar plant in Monterrey.

But they changed their mind on that too. And now Ford is going to build compact cars in China.

This deal in Wisconsin has the same smell of the Ford plant and of the Carrier plant in Indianapolis. Remember Carrier? 300 jobs eliminated this month. The remaining 600 or so will get their pink slips just a few days prior to Christmas. Talk about holiday spirit!
Give this some time for the cameras to go away and Foxconn will probably change their mind. Tucked away on some backpage will be an article that Foxconn has re-evaluated it plans in Wisconsin and is staying in China.

[beastie boy]

15. Funny thing if you do the math is...

Last edited Thu Jul 27, 2017, 12:09 PM - Edit history (1)

Foxconn gets $3 billion in subsidies from the State of Wisconsin.

If they were to pay their workers $60K per year, $3billion translates to 3000 jobs for 10 years.

Guess how many new jobs Foxconn says they will create? That's right, 3000 jobs in 10 years!

They get ten years' worth of free labor! That's cheaper than what they pay in China!

What a deal! What a deal! Almost as good as Indiana giving Carrier $7 million in tax breaks to move to Mexico and fire 800 workers!


On edit: My bad. $60,000 per year times 3,000 jobs times 10 years equals about $1.8 billion. That would be $1.2 billion pure profit for Foxconn on subsidies alone!

[mahatmakanejeeves]

16. How Foxconn's broken pledges in Pennsylvania cast doubt on Trump's jobs plan

How Foxconn's broken pledges in Pennsylvania cast doubt on Trump's jobs plan

Ahead of today's jobs announcement, revisit this @tcfrankel piece:

Link to tweet

How Foxconn’s broken pledges in Pennsylvania cast doubt on Trump’s jobs plan

By Todd C. Frankel March 3

HARRISBURG, Pa. — For some residents of this small city, there was something familiar about Foxconn’s recently announced plan to hire up to 50,000 U.S. workers, one of the many hiring pledges from companies rounded up by President Trump in the first weeks of his administration. ... The only difference was the scale.

In 2013, Foxconn’s chairman sent a jolt through this state capital when he said his company — best known for making Apple iPhones in China — would invest $30 million and hire 500 workers for a new high-tech factory in central Pennsylvania.

Locals were giddy. Foxconn had a small office here, but this seemed like the start of an entire new industry. Pennsylvania’s governor boasted about the deal. The Brookings Institution think tank hailed Foxconn’s decision as a sign of U.S. manufacturing’s strength.

But the factory was never built. The jobs never came. “It just seemed to fade to black” after the announcement, recalled a local official. It was the start of a mystery, created by a chief executive known to promise projects all over the world that never quite pan out. Yet few people seem to notice. Foxconn and others continue to get credit for deals that never take place. In December, Pennsylvania’s economic development staff was still touting the $30 million factory that never was.
....

Todd C. Frankel is a reporter covering people and policy. Follow @tcfrankel

[louis-t]

17. I'm sure they will pay well. $6 an hour should do it

once they get rid of the minimum wage.

[Sunlei]

19. States have to pay at least the Federal minimum wage, $7.25 an hour. exempt from this requirement

are Americas prison slaves, thousands who work for corporations through contractor 'massas'.

and a couple states in the south are exempt from Federal minimum wage, I think Alabama can pay $6 an hour. not sure about the wage in Americas couple of "special states'

[Sunlei]

18. have to wait and see who fills 3k 'promised' jobs. How long will it take to build & open doors for

job applications?