Foxconn aims to hire over 1,000 workers in 2018
Foxconn plans to hire over 1,000 workers in each of the next two years.Image By: Maggie Liu
Foxconn Technology Group is preparing to have at least 1,040 employees in Wisconsin by the end of 2018 and another 1,040 the following year, the company announced Monday.
Foxconn, the Taiwanese electronics company that received a controversial $3 million subsidy from the state, projects it will have 13,000 employees by 2022.
Many openings are available in assembly operations, which will come prior to the grand opening of the main factory in Racine County. The company is likely to hire around 800 “operators” over the next two years. Their starting wage begins at $23.02 an hour, compared to the average of $18.05 for current production positions in the state.
Out of the 13,000 total projected jobs, around 3,655 positions will be “equipment technicians,” starting at an hourly wage of $26.31. 5,000 will be “operators,” while just under 3,500 will be in engineering. The final 870 openings are in business support, including administrative roles.
Employees will get 10 vacation days over the course of a year, life insurance and a 401(k) plan.
Foxconn will cover 100 percent of individual health insurance plans, including dental and vision, as well as 50 percent of family insurance costs.
The total $10 billion budget for Foxconn’s campus sets aside nearly $4.7 billion for building construction while the remaining $5.3 billion is for machinery and equipment in the plant.
Although projections say that initial operations are likely to lose $269 million over the first three years, Foxconn expects the Racine County plant will produce about $7 billion in profit following its completion.Subscribe to The Daily Cardinal Newsletter