Fri Nov 9, 2012, 12:16 PM
notadmblnd (20,324 posts)
Foxconn considers opening U.S. factories
Taiwan company’s reportedly evaluating LA and Detroit as site for TV assembly plants owing to rising labour costs at home
Foxconn, the controversial Taiwanese manufacturer that has become one of the world’s largest employers thanks to booming demand for the Apple products it assembles, is reportedly planning to open factories in the United States.
With an 800,000 strong workforce largely based in mainland China, Foxconn is one of the businesses that has profited from the decline of western manufacturing. Now the firm is apparently planning to reverse the labour drain by opening American factories.
As labour costs surge in its home market Foxconn has been looking overseas for opportunities, and sources have told Taiwanese trade publication DigiTimes that the company is evaluating cities including Detroit and Los Angeles.
Do you think they will have to put up barbed wire fencing and circus nets to keep people in? Could this have been the jobs rmoney was talking about creating?
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