Foxconn's Brazil Plan Stalled

Posted by Unknown on Friday September 30, 2011 @11:33AM from the brazilian-workers-rejoice dept.

hackingbear writes with an article from Reuters about Foxconn's plans to move iPad production to Brazil. From the article: "A much-hyped $12 billion plan for Taiwanese manufacturer Foxconn to produce iPads in Brazil, announced in April by President Dilma Rousseff during an official visit to China, is 'in doubt' due to stagnant negotiations over tax breaks and Brazil's own deep structural problems such as a lack of skilled labor and bad infrastructure, government sources tell Reuters. '(Foxconn) is making crazy demands' for tax breaks and other special treatment, the official added. Local media have reported that Foxconn is also seeking priority treatment at Brazilian customs, which is notoriously slow even by the standards of emerging markets."

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Brazil by Anonymous Coward · 2011-09-30 11:40 · Score: 4, Interesting

Let us get this out of the way, since there is bound to have lots of posts similar to mine. I will make it short:
I am a Brazilian living in Brazil and it sucks...it really really sucks over here.