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All of that was true when they initially agreed to the deal, so I’m not sure that explains it.
by moorhosj 7y ago
All of that was true when they initially agreed to the deal, so I’m not sure that explains it.
- jayalpha 7y agohttps://www.zdnet.com/article/foxconn-set-to-discontinue-brazil-manufacturing-operations/ https://www.zdnet.com/article/foxconn-set-to-discontinue-bra... "However, the promises soon proved hard to keep: the company wanted the Brazilian government to come up with 30 percent of the cash, as well as a private investor - both failed to materialize. " "As well as the economic instability that the Brazilian economy, it is also rumored that other factors influencing the decision include the productivity of the local workforce - which at its peak reached about 2,500 workers - which Foxconn considers to be low when compared to its main manufacturing operations. "