Evers Doesn’t Think Foxconn Has Changed Plans
Company has announced $2.9 billion cut in expenses, faces “difficult year."
Gov.-elect Tony Evers says he does not believe Foxconn’s plans to cut costs in 2019 will affect the company’s project in Wisconsin.
Bloomberg reported Wednesday that the Taiwanese tech giant planned to cut $2.9 billion in expenses in 2019. An internal memo, acquired by Bloomberg, said the company is facing “a very difficult and competitive year.”
Last week, Foxconn posted a weaker-than-expected rise in quarterly profits.
During his campaign for governor, Evers was critical of the deal Gov. Scott Walker negotiated with Foxconn, and during an interview with Wisconsin Public Television, he said he remains concerned about the cost of the project.
But Evers also said he did not think the reported cuts by Foxconn would change its plans for Wisconsin.
“I believe that what they’re ultimate goals are pretty much the same,” Evers said. “My goal right now is to establish relationships with them so that I can be the best governor possible and they can be the best corporate citizen possible.”
Evers said he has begun conversations with people who represent Foxconn so he knows exactly what the company’s plans are moving forward.
Foxconn could receive up to nearly $3 billion from state government depending on the size of the plant it builds in southeast Wisconsin and the number of people it hires. When all state and local payments are combined, the cost of the project could hit almost $4.5 billion.
The full interview with Evers airs Friday at 7:30 p.m. on Wisconsin Public Television.
Evers: Foxconn’s Wisconsin Plans Likely The Same, Despite Expense Cuts was originally published by Wisconsin Public Radio.
- UW-Madison Hires Former Foxconn Executive - Rich Kremer - Apr 5th, 2022
- Nelson Calls on Congressional Oversight Committees to Pursue Information on Botched Foxconn-Oshkosh Defense Postal Deal - Tom Nelson - Mar 30th, 2022
- Foxconn Rebuffed Oshkosh Defense Bid to Build Mail Trucks? - Rich Kremer - Mar 28th, 2022
- Huge Foxconn Campus Remains A Puzzle - Denise Lockwood - Mar 28th, 2022
- Mount Pleasant Seeks Company for Foxconn Site - Bridgit Bowden - Mar 24th, 2022
- Rep. Bowen Statement on Foxconn Turning Its Back on Wisconsin Yet Again - State Rep. David Bowen - Mar 17th, 2022
- Back in the News: Foxconn In Talks for Saudi Arabian Plant - Bruce Murphy - Mar 16th, 2022
- Mt Pleasant Attorney Pushed Board to Extend Term Lengths - Corri Hess - Mar 9th, 2022
- As Foxconn Fails, Mt. Pleasant Board Extends Term Lengths - Corri Hess - Mar 1st, 2022
- Food-Coloring Business Will Lease Foxconn Building - Christine Hatfield - Feb 5th, 2022
Read more about Foxconn Facility here