There are 10 article(s) tagged Electrolux:
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.
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.
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.
More than 30 people attended Wednesday's County Commission committee meeting to speak out against a proposed gravel pit.
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.
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.
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.
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.
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.
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