Showing posts with label Foxconn. Show all posts
Showing posts with label Foxconn. Show all posts

Wednesday, October 21, 2020

Flim-flam man

Foxconn’s Wisconsin saga began two days after Trump’s inauguration, when the company’s founder and CEO, Terry Gou, told reporters he was considering building a $7 billion factory in the US and employing as many as 50,000 people.

[...]

Such announcements are far from unusual for Gou, and often, nothing comes of them. In Vietnam in 2007, in Brazil in 2011, in Pennsylvania in 2013, and in Indonesia in 2014, Foxconn announced enormous factories that either fell far short of promises or never appeared.

[...]

In June, President Donald Trump had broken ground on an LCD factory he called “the eighth wonder of the world.” The scale of the promise was indeed enormous: a $10 billion investment from the Taiwanese electronics giant [Foxconn], a 20 million-square-foot manufacturing complex, and, most importantly, 13,000 jobs.

Which is why new recruits arriving at the 1960s office building Foxconn had purchased in downtown Milwaukee were surprised to discover they had to provide their own office supplies. [...] They listened to the cries of co-workers trapped in the elevators that often broke, noted the water that occasionally leaked from the ceiling, and wondered when the building would be transformed into the gleaming North American headquarters an executive had promised.

  The Verge
Jesus, the name alone would have made me skeptical: Foxconn.
The renovations never arrived. Neither did the factory, the tech campus, nor the thousands of jobs.
Typical Trump.
Months after the 2018 groundbreaking, the company was racing to hire the 260 people needed to receive the first tranche of payments from the lucrative subsidy package passed by then-Gov. Scott Walker. Recruiters were told to hit the number but given little in the way of job descriptions. Soon, the office began to fill with people who had nothing to do. Many just sat in their cubicles watching Netflix and playing games on their phones.

[...]

“Imagine being in a job where you don’t really know if it’s real or not. Or you know it’s not real, but you don’t know it’s not real. It’s a constant thing you’re doing in your head day after day,” said one employee, who returned to the rented building Trump had spoken at, where workers had been assembling TVs, only to find the line shut down and the lights dimmed a couple of weeks after the photo op was over. “I think all of us were on the verge of a major breakdown.”

[...]

Even the handful of jobs the company claims to have created are less than real: many of them held by people with nothing to do, hired so the company could reach the number required for it to get tax subsidy payments from Wisconsin. Foxconn failed at that objective, too: last week, Wisconsin rejected the company’s subsidy application and found it had employed only 281 people eligible under the contract at the end of 2019. Many have since been laid off.

[...]

State and local governments spent at least $400 million, largely on land and infrastructure Foxconn will likely never need. Residents were pushed from their homes under threat of eminent domain and dozens of houses bulldozed to clear property Foxconn doesn’t know what to do with.

[...]

In September, Foxconn received a permit to change its intended use from manufacturing to storage.
There's a lot more detail in this article. Continue reading, if you want it.

...but hey, do what you want...you will anyway.

Friday, February 1, 2019

How many times will Foxconn screw Wisconsin?


Foxconn says it's moving forward with the construction of its Wisconsin facility after talks with White House, according to a statement released Friday, but isn't clarifying what kind of jobs will be housed at the $10 billion plant.

Earlier this week, Louis Woo, special assistant to Foxconn CEO Terry Gou, told Reuters the company was shifting strategy and would offer mostly researcher and engineering jobs in Wisconsin, not the blue-collar manufacturing jobs that were originally promised. Foxconn received $4 billion in tax breaks from the state to build LCD TV screens at the plant, but plans have shifted.

[...]

In a statement to CNBC earlier this week, Foxconn also signaled it was changing its focus for the Wisconsin facility, saying "the global market environment that existed when the project was first announced has changed."

[...]

The site will function as both an "advanced manufacturing facility as well as a hub of high technology innovation," Foxconn said in its new statement Friday, but did not clarify what kinds of jobs it would hire for at the site.

[...]

Here's the statement Foxconn issued Friday:
After productive discussions between the White House and the company, and after a personal conversation between President Donald J. Trump and Chairman Terry Gou, Foxconn is moving forward with our planned construction of a Gen 6 fab facility, which will be at the heart of the Wisconn Valley Science and Technology Park. This campus will serve both as an advanced manufacturing facility as well as a hub of high technology innovation for the region.

Our decision is also based on a recent comprehensive and systematic evaluation to help determine the best fit for our Wisconsin project among TFT technologies. We have undertaken the evaluation while simultaneously seeking to broaden our investment across Wisconsin far beyond our original plans to ensure the company, our workforce, the local community, and the state of Wisconsin will be positioned for long-term success.

We look forward to continuing to expand our investment in American talent in Wisconsin and the US.

  CNBC
There's nothing new in that statement.  More like Terry Ghoul.

Maybe they'll need some housecleaners.

...but hey, do what you want...you will anyway.

Wednesday, January 30, 2019

Jobs! Jobs! Jobs!

Electronics manufacturer Foxconn is scaling back its plans to produce LCD panels in Wisconsin, a company executive told Reuters.

“In Wisconsin we’re not building a factory. You can’t use a factory to view our Wisconsin investment,” said Louis Woo, special assistant to Foxconn CEO Terry Gou.

The planned manufacturing plant had been touted by President Trump, who made an announcement about the project at the White House in 2017 and delivered remarks at a groundbreaking ceremony for the plant last year.

Foxconn originally planned to produce LCD television screens, but Woo told Reuters that those plans could be scaled back or canceled altogether.

[...]

Woo added that Foxconn intends to launch a "technology hub" rather than a manufacturing plant in Wisconsin. The hub would include research facilities as well as packaging and assembly operations, Woo told Reuters.

A source also told Reuters that the Foxconn project is likely to create only 1,000 jobs in Wisconsin by 2020, after the company originally said the plant would hire 5,200 people by that point.



  The Hill
Talk about your bait and switch. I'm having a difficult time believing they ever planned to build a factory in Wisconsin. What changed in terms of the economic feasibility?
[Woo] pointed to the high costs of making television screens in the U.S., according to Reuters.

“In terms of TV, we have no place in the U.S.,” he said. “We can’t compete.”
So why did Foxconn have a groundbreaking ceremony with Trump in the first place? Never mind.
Foxconn initially said the project would create a total of 13,000 jobs in Wisconsin, but it's unclear when all of those workers will be hired, according to Reuters.
The twelfth of never.

...but hey, do what you want...you will anyway.

UPDATE:



UPDATE:
Oh, look. The magic beans are just...beans.

[...]

Give it another month, and it's liable to be a drive-thru restaurant concern.

This was going to be the lasting monument to Walker's greatness—his big, beautiful, stupid wall, as it were. Unfortunately, the Foxconn folks saw the sucker coming from a couple of hectares off. Instead, Wisconsin is now in hock to this company for the foreseeable future.

[...]

"Public-private partnership" is one of those slogans that sound very good at TED talks and around the shrimp station at Davos. Too often, however, the partnership leads to private profit and a public stick-up. I have more respect for someone who picks pockets on the subway.

  Charles P Pierce