Walker and Republicans Failed Taxpayers on Foxconn Fiasco |
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News |
Written by Wisconsin Senate, Kate Constalie |
Wednesday, 30 January 2019 16:58 |
MADISON, WI – Once again questions are being raised about the future of Foxconn in Wisconsin as the foreign mega-corporation rolls back its plans for a high-tech manufacturing plant and misses jobs targets. Having originally promised a massive cutting-edge Gen 10.5 factory near Racine, then announcing a smaller Gen 6 facility, Foxconn will no longer focus on LCD manufacturing according to a recent report by Reuters. Despite the scaled-back plans, millions of taxpayers dollars have already been spent subsidizing this corporate project and building infrastructure that may never be utilized.
Foxconn’s reputation for abandoning projects and failing to deliver on thousands of promised jobs has been well documented. Development plans by Foxconn in places like Pennsylvania, Indonesia, India, Vietnam and Brazil all failed to materialize or meet promised expectations. |
Last Updated on Saturday, 02 March 2019 13:23 |
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