Electrolux gives up tax breaks to expand North American HQ in NC

(Photo: WSOC)

RALEIGH, NC (AP) – Appliance-maker Electrolux is backtracking from plans announced two years ago to expand its North American headquarters in Charlotte and add more than 800 jobs.

A North Carolina committee that oversees major tax breaks for expanding companies on Tuesday voided its offer of more than $27 million for the expansion announced in 2013. State Commerce Department spokeswoman Kim Genardo said the company was voluntarily giving up its grant, which was dependent on meeting job-creation targets.

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The Charlotte Observer reported last month that Electrolux opted not to nearly double its Charlotte workforce after failing to purchase General Electric’s appliance unit. Sweden-based Electrolux linked its previously announced $85 million expansion to the GE deal last June.

Electrolux moved the headquarters from Georgia in 2010 for state and local incentives worth $27 million.

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