There are 15 article(s) tagged Electrolux:

• June 2024

  • Elon Musk-founded xAI to build ‘gigafactory of compute’ in Memphis

    The facility could be worth billions of dollars and be one of the most advanced computing sites in the world.

    By Samuel Hardiman June 06, 2024

• December 2023

  • Former Electrolux plant bought by Milwaukee group

    Phoenix Investors acquires and renovates former manufacturing facilities nationwide. The vacant Memphis Electrolux plant is next on its list. 

    By Sophia Surrett December 27, 2023

• January 2020

  • Electrolux seeks new workers — even though its local plant is slated to close

    The company will host a recruiting event Jan. 30 to find new, full-time employees. 

    By Tom Bailey January 24, 2020

• November 2019

  • Mitsubishi transformer plant hopes to preserve majority of jobs in sale

    Officials hope a prospective sale of Mitsubishi Electric Power Products plant in Memphis will preserve majority of jobs.

    By Wayne Risher November 12, 2019

• August 2019

  • Electrolux plant closing postponed to at least June 2021

    Workers at Electrolux Memphis cooking appliance factory have a reprieve of up to nine months on a previously announced closing date. Electrolux said it will stay open through June 2021.

    By Wayne Risher August 15, 2019

• March 2019

  • Electrolux returns to tax rolls after ending incentive agreement

    Swedish appliance manufacturer Electrolux has voluntarily terminated its tax incentive agreement with Memphis and Shelby County in advance of the planned closing of the Memphis plant closing next year.

    By The Daily Memphian Staff March 04, 2019

• February 2019

  • Politics Podcast: Memphis Mayor Jim Strickland on Electrolux

    Memphis Mayor Jim Strickland talks about whether Electrolux was a good deal with City Hall given the incentives the city, county and state governments put up several years ago to land the plant that is leaving is just under two years.

    By Natalie Van Gundy February 11, 2019

  • Electrolux downsized staff by 55 percent in runup to closing announcement

    Electrolux trimmed its Memphis factory's workforce by more than half during 2018, during the runup to a surprising Jan. 31 announcement it would shut down in Memphis in two years.

    By Wayne Risher February 08, 2019

  • Strickland: City, county ‘overpaid’ for Electrolux

    Memphis Mayor Jim Strickland says a month ago, Electrolux executives assured him their Memphis plant would stay open and even expand to include new product lines. With word of the plant closing in 2021, he told The Daily Memphian Politics Podcast the city, county and state "overpaid" in terms of incentives.

    By Bill Dries February 07, 2019

  • Commission committee declines recommendation on proposed gravel mine for Rosemark

    More than 30 people attended Wednesday's County Commission committee meeting to speak out against a proposed gravel pit. 

    By Omer Yusuf February 06, 2019

  • Despite closing plan, Electrolux more than meets PILOT commitment

    Despite plans to shut down in two years, Electrolux scored more than enough points to stay in compliance with terms of its tax abatement agreement with Memphis and Shelby County.

    By Wayne Risher February 05, 2019

  • Legislation in works to protect state after Electrolux blindsiding

    State Rep. G.A. Hardaway is planning to introduce a bill requiring companies that receive economic recruiting incentives to prove they're meeting job commitments or face penalties.

    By Sam Stockard February 02, 2019

  • Electrolux says it will voluntarily release tax abatement as assessor pushes clawback

    Electrolux's surprise move to close its Memphis plant in two years, idling 530, ignites debate over what can or should be done about incentives that were poured into the plant.

    By Wayne Risher February 02, 2019

  • Shelby County property assessor calls on officials to collect back taxes on Electrolux

    Shelby County Assessor Melvin Burgess said Friday he will place Electrolux back on tax rolls and is calling on city and county officials to take steps to recover some $5 million in taxes the company has saved since 2011.

    By Natalie Pilgrim February 01, 2019

• January 2019

  • Electrolux will shutter heavily subsidized Memphis plant in 2020

    Swedish appliance maker Electrolux announced Thursday it will shut down a Memphis factory in 2020 while investing $250 million in a facility in Springfield, Tennessee.

    By Wayne Risher January 31, 2019