Foxconn May Bring Chinese Workers To Its New Wisconsin Facility

Read more on this subject: Employment & Jobs
News Story Source: https://www.zerohedge.com by Tyler Durdan
On the surface it was great deal: in what's being called the "largest economic development project in state history", Foxconn said it would build a $10 billion plant that will eventually employ as many as 13,000 people, the White House and Gov. Scott Walker promised. To be sure, it was a quid pro quo: to help lure the manufacturer, the state pledged $3 billion in tax and other "performance-based" incentives and local authorities added $764 million. Foxconn must meet hiring, wage and investment targets by various dates to receive most of those benefits.

And while many – including this site – accused the project of being a giant taxpayer-funded boondoggle, calculating that every job created would cost some $230,000 in incentives, a little over a year later and even more disturbing "glitch" in the plan has emerged: according to the WSJ, instead of hiring local talent, Foxconn is considering bringing in personnel from China "to help staff the large
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