Nearly 70% of Foxconn’s Wisconsin employees started in fourth quarter of 2019

Nearly 70% of the 580 employees working in Wisconsin for Foxconn and its subsidiaries at the end of 2019 started their current positions in the fourth quarter of last year, according to a BizTimes review of data the company submitted to state officials.

Foxconn’s contract with the Wisconsin Economic Development Corp. requires the company to submit an annual report to the agency on its hiring and investment activities. Documents submitted with the report provide details on wages, start date, residency state, which entity the employee works for and other information...

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Ken Notes: Much better reporting here, alas Foxconn is still quiet. I have a question if this is a tax credit, I can not imagine the company made a profit in 2019, so do these tax credits carry forward??