10/7/09

Dell Closing: 905 Jobs x $28,000 average salary = $25,340,000 of lost local annual income

2007revised

Dell closing Winston-Salem plant, 905 jobs lost


 


Dell plans to close its Winston-Salem factory and lay off about 905 employees by January, the company has confirmed.


 


The first 600 employees will be released next month, the company said.


 


The news is a shock to the Triad…That effort included state and local incentives worth as much as $280 million…


 


…As for the incentives, Bob Leak, president of Winston-Salem Business Inc., said he and other local officials will begin reviewing documents detailing compliance requirements for various parts of the incentives package. He said he believes most aspects of the agreements included repayment clauses that would be triggered if the plant closed within five years.


 


"Theoretically, we should get most or all of it back," he said.


 


David Frink, a spokesman for Dell in Texas, said the company "will absolutely continue to comply with and honor all agreements with various governmental entities" and will work with officials to determine exactly what those responsibilities are.


 


http://triad.bizjournals.com/triad/stories/2009/10/05/daily34.html

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