Foxconn to pay almost $1 billion in wages and benefits

Workers put up scaffolding on a building owned by the contract manufacturer Foxconn International Holdings Ltd
Workers put up scaffolding on a building owned by the contract manufacturer Foxconn International Holdings Ltd

31 July, 2017

According to media reports, Trump is expected to announce that Foxconn, one of the largest electronics manufacturers in the world, will be adding a new plant in Wisconsin, adding as many as 10,000 employees.

"Our work with Foxconn will further demonstrate the power and broad applicability of The Connected Enterprise", said Blake Moret, Rockwell Automation president and CEO.

The United States has added 70,000 manufacturing jobs since November, bringing the total to almost 12.4 million, but has not added any net factory jobs in the last two months, according to the Bureau of Labour Statistics.

Connections between Foxconn and UW-Madison's Carbone Cancer Center could give the university a leg up, along with the benefit of being geographically close to the proposed plant site.

On Friday, the Governor said even if the plant is built in southern Wisconsin, the company will be looking for suppliers across the state, including in the Chippewa Valley.

Officials with a number of environmental advocacy groups did not return phone calls seeking comment. Foxconn was exploring investments in seven states including Illinois, Indiana, Michigan, Ohio, Pennsylvania and Texas. Plus, around 22,000 indirect and induced jobs will be created because of Foxconn's economic impact.

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Mark Maley, a spokesman for the Wisconsin Economic Development Corporation (WEDC), said the state has several business tax credit programs, but none have the capacity to accommodate the Foxconn deal.

Landing the multistate competition had been cast as a once-in-a-generation opportunity. Apple spent $75 billion with Foxconn in 2016. Over the past 25 years, the USA has lost a lot of its manufacturing capabilities and skilled labor workers, according to Nallan Suresh, a supply chains expert in the University at Buffalo School of Management.

Foxconn and Rockwell Automation are collaborating to implement Connected Enterprise and Industrial Internet of Things (IIoT) concepts for smart manufacturing in Foxconn's new USA facilities.

Others are concerned about the company's ability to follow through on agreements; in 2013, Foxconn planned to invest $30 million to build a factory in Pennsylvania, but it was never built. An exact location has not been determined, but legislators say Racine County is a favorite to land the facility. To make flat-panel displays, the company will need access to great quantities of water to keep work spaces dust-free, among other things.

Foxconn is making a $10 billion investment in Wisconsin to build a 20 million-square-foot manufacturing campus right here in Wisconsin.

Barca, like many Democrats, voiced concern about how much taxpayers may have to contribute in tax breaks and other incentives. However, the investment may discourage lawmakers from introducing import taxes on products Foxconn does make for Apple, such as the iPhone, which are harder to assemble in the U.S. Republican leaders, including Ryan, said in a statement on Thursday that a border tax on imports is now unlikely to be part of any legislation this year.

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