According to sources cited in a Reuters report, Apple contract manufacturing partner Foxconn's much publicized $12 billion plan to produce iPads in Brazil is now "in doubt" due to "stagnant negotiations over tax breaks and Brazil's own deep structural problems such as a lack of skilled labor." The report states that, while the initial proposal to build Apple's sleek tablet PCs in Brazil was hailed as a sign of the country's burgeoning economic ties with Asia and overall economic growth, hopes for the "Brazilian iPad" have reportedly since withered, as certain local realities have remained unchanged. These include factories that have struggled for years with high taxes, an overvalued currency, and a lack of qualified workers due to poor education and a tight labor market.
Full Story: Brazil's $12 billion iPad deal is in trouble: sources (reuters.com)
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