Two months after Orange shock, Electrolux announces American expansion

ELECTROLUX announced 810 additional jobs for its North American headquarters in Charlotte less than two months after it announced the closure of the Orange factory. 

North American media reported the Swedish appliance maker would invest $85 million to construct a six-story, 34,838 square metre building adjacent to its existing headquarters in North Carolina. 

The additional jobs are in research and development, marketing, design, engineering, supply chain, finance, IT and executive management and will be added at the end of 2017. 

The Electrolux Orange factory closure is expected in 2016. 

Electrolux has 760 employees in Charlotte and 145 contractors. 

The average annual compensation for the 810 workers is expected to be about $100,000 each, plus benefits. 

But the Mecklenburg County, where the expansion is set to take place, offered the company tax breaks worth about $4 million over 10 years as part of the deal. 

The NSW Government had offered Electrolux payroll tax relief and had funded an engineering and productivity plan for the plant's future in the hope of keeping the Orange factory, which employes 544 people, open.

The total package was worth about $4 million.

Orange City Council had also offered to waive its annual rates for 10 years, which would save the plant more than $1 million.

The former Labor federal government also gave the plant a $4.7 million clean technology investment grant which was conditional on it continuing to operate beyond this year.

Meanwhile, another 650 jobs are expected at the company's kitchen oven plant in Memphis.  

Yesterday a grand opening was held for the $266 million facility, which was started two years ago and was heavily backed by politicians with the company receiving city, county and state benefits and a 15-year tax freeze. 

Smartphone
Tablet - Narrow
Tablet - Wide
Desktop