Many have wondered what kind of jobs Foxconn might bring to the area. Certainly, after the exodus of Chrysler, the average wage in the Kenosha/Racine area has dropped significantly. The local economy diversified, but it was not out of the ordinary to see full time wages offered in the 12-13 dollar per hour category.
Residents have become guarded when approached with the notion that another large employer will come to the area to become their savior.
According to the WEDC, average earners at Foxconn will make a living wage. The average wage is scripted to be $25.90 per hour. Also detailed in the accord is the offering of competitive benefits- workers will be considered “full time” employees and qualify for health insurance, PTO and other benefits if they average 1,560 hours per week. And, full time employees will average the normal 2080 hours worked per year.
While some remain skeptical, an annual average salary of 53,872.00 has the potential of dramatically increasing home ownership and creating a flourishing local economy.
Below is a chart from the WEDC review of the project, its categories, etc.
For the purpose of clarification, the technical name of the company entering into agreement with the State of Wisconsin is SIO International and both AFE and FEWI are affiliated, as well.
- Trade War: Foxconn Exiting China? June 17, 2019
- State DOJ Seeks to Block EPA From Foxconn Ozone Standards June 13, 2019
- Foxconn Says it Will Build Servers & Other Electronics in WI June 12, 2019
- Retail/Hospitality Center Proposed Near Foxconn Site June 10, 2019
- New Details Emerge on Foxconn’s Wisconsin Factory June 7, 2019
- Foxconn Building Height Permit to Go to Public Hearing June 6, 2019
- Huawei Denies Cut to Foxconn Production Lines June 5, 2019
- Foxconn Freezes Huawei Handset Fabrication June 3, 2019
- Foxconn Awards Contracts to ‘Wisconsin’ Firms May 30, 2019
- EPA Backs Away from Smog Breaks for Foxconn May 28, 2019