Foxconn has missed major hiring targets in its Wisconsin projects, which may slow or even halt the closely-watched deal, according to a report from The Verge.
Foxconn’s proposed projects in Wisconsin have faced setbacks from the beginning. Criticized as a political push by outgoing governor Scott Walker, it now falls to Governor Tony Evers to watch the effects of the $4.5 billion in subsidies.
The corporation missed its mandated target to employ 260 people by the end of 2018. According to Foxconn’s own year-end report, they employ 178 people, while a filing with the Wisconsin Economic Development Corporation at the end of 2018 showed 158 employees on the books. An investigative piece from The Verge in April found many Foxconn-owned offices and lots standing empty...
...moreKen Notes: Remember this is a GOOD thing. Wisconsin is offering tax credits based on jobs, so if they staff for the work they have we are not paying them to hire needlessly.
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- - Volume: 7 - WEEK: 24 Date: 6/13/2019 7:51:59 AM -