Foxconn Technology Group created 178 jobs in Wisconsin during 2018 that met the requirements for state incentives, falling short of the 260 required for the company to receive any state tax credits for the year.
In a letter to the Wisconsin Economic Development Corp., one of Foxconn’s top executives said the company remained committed to creating 13,000 jobs in the state, but had adjusted its recruiting and hiring timeline.
“As a company with operations around the world, we need to have the agility to adapt to a range of factors, including global economic conditions,” wrote Louis Woo, special assistant to Foxconn CEO Terry Gou.
Woo did not specify how much the company is changing its hiring timeline.
Read more in BizTimes Milwaukee.