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Reply #9 NEtigress's post
Foxconn is a cost plus producers, like most of Taiwan's industries!|
It appears to be an OEM for big American Brands, but Taiwan seems to be developing products for Americans instead ofmerely being an OEM supplier!
Rmb 8 billion is a large sum!
You must realize, "electronic sweat shops" nowadays has "air conditioning" - especially electronics, "clean rooms", and "delicate equipment" that don't do well in relocating, that means relocating plants is not a simple matter as a furniture, garment sewing factory!
Foxconn will need 'GUARANTEES" from local labour unions - no wage increase for at least 10 years, from my calculations! (to make it viable! I am sure, they will also ask for concessions!)
It will add "INVESTMENT figures" for the province that receives the relocation, and gain it Rmb 1.5 billion in additional workers wages, and other benefits - port, truck, business travellers! So, let's see how much FOXCONN can "FOX" out of Henan or Sichuan!
You can expect it from "Battle harden" Taiwan business people!
We should not expect anything less, i reckon!
So, Be prepared!