Posted by moy23 on 7/27/2017 8:32:00 AM (view original):
Foxconn in Wisconsin..... BIG WIN for Trump and Walker. 13000 jobs.
Will they need suicide nets there like they have in China?
If they follow through with the plan and actually do it, a tally in the win column. Walker needs that badly. I mean I know this is announced by Trump, but ask the Carrier workers how they are feeling about his proclamations about now.
• Foxconn promised a $30 million factory employing 500 workers in Harrisburg, Pennsylvania, in 2013. The plant was never built, not a single job was created.
• That same year, the company signed a letter of intent to invest up to $1 billion in Indonesia. Nothing came of it.
• Foxconn announced it would invest $5 billion and create 50,000 jobs over five years in India as part of an ambitious expansion in 2014. The investment amounted to a small fraction of that, according to The Washington Post’s Todd Frankel.
• Foxconn committed to a $5 billion investment in Vietnam in 2007, and $10 billion in Brazil in 2011. The company made its first major foray in Vietnam only last year. In Brazil, Foxconn has an iPhone factory, but its investment has fallen far short of promises.
• Foxconn recently laid off 60,000 workers, more than 50 percent of its workforce at its IPhone 6 factory in Kushan, China, replacing them with robots that Foxconn produces.