“Foxconn Technology Group will invest $210 million to build an Apple production line in October in east China’s Jiangsu province, local authorities announced Monday,” China Daily reports.
“The plant, covering an area of 40,000 square meters, plans to hire 35,800 employees,” China Daily reports. “The annual output value of the plant is expected to reach 6 to 7 billion yuan ($949 million to $1.1 billion), and the import and export value will be $55.8 million, the office said.”
Foxconn will also “build a high-tech manufacturing base in Hainan, China’s southernmost island province early April,” China Daily reports.
Read more in the full article here.
And to think, folks were dreaming some of these jobs were coming to america? Not with liberals in charge.
All tax and spending bill originate in the US House of Representatives which is in the clutches of the Teabaggers and minions.
The US is currently operating with the lowest personal tax rates in the adult lifetime of anyone likely to be reading this website.
Spending and taxation relative to GDP are lower than under Bush with a Republican Congress (2001-2006).
The majority of US State governments are under Republican control.
So how are liberals in charge?
Don’t get them started. Oh wait, they already started.
I just LAUGHED and LAUGHED:
And to think, folks were dreaming some of these jobs were coming to america? Not with liberals in charge.
Sometimes I forget about the Neo-Con-Job SUCKERS and am astounded that people make statements that are so fundamentally STUPID.
Hey anonymous coward ‘the joker’! It’s the CORPORATE OLIGARCHY that forced the US govt to reward companies who moved jobs overseas.
And which political party is run by the Corporate Oligarchy? Hmm?
BOTH PARTIES, STUPID! Have fun voting ReTardlican and finding that even more jobs are shipped overseas. DUH! Sheesh kids. Wake up and look around, would ya? Do your homework before you make fools of yourselves.
Nice ROI.
40,000 sq METERS for $200 mil? Cheap!
and each worker has a little bit more than 1m2…
Meanwhile, businesses are be chased out of California and the USA by taxation and odious regulations.
As was reported a year ago: Foxconn are now building factories AWAY from urban centers where the populace expect higher wages and bigger benefits. The idea is to hire less savvy local peasantry out in the boonies and save massive dough. That’s why its called:
The Slave Wage Labor Movement.
And from an employees POV that might be just fine because the cost of living is going to be lower out in the boonies as opposed to Shanghai, etc.