The Taiwanese supplier to Apple must meet hiring, wage and investment targets by various dates to receive tax and other ‘performance-based’ benefits
By Yang Jie, Shayndi Raice and Eric Morath
Originally published on wsj.com
MOUNT PLEASANT, Wis.— Foxconn Technology 2354 0.90% Group is considering bringing in personnel from China to help staff a large facility under construction in southern Wisconsin as it struggles to find engineers and other workers in one of the tightest labor markets in the U.S.
The company, the Taiwanese supplier to Apple Inc., has been trying to tap Chinese engineers through internal transfers to supplement staffing for the Wisconsin plant, according to people familiar with the matter.
The state pledged $3 billion in tax and other “performance-based” incentives to help lure Foxconn, and local authorities added $764 million. Foxconn must meet hiring, wage and investment targets by various dates to receive most of those benefits.
The company promised the state it would invest $10 billion and build a 22-million-square-foot liquid-crystal display panel plant, hiring 13,000 employees, primarily factory workers along with some engineers and business support positions.
Foxconn said its “Wisconsin first commitment remains unchanged,” in a written statement to The Wall Street Journal in response to questions about its hiring plans. In a separate statement it said it still plans to ultimately hire 13,000, and the majority “will work on high-value production and engineering assignments and in the research and development field.”
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