Executive Briefings

Dell May Have to Repay Tax Incentives After Running Out on N.C.

N.C. government leaders are asking Dell to repay tax breaks and other incentives the PC maker received from them when it built its PC plant four years ago. Dell has announced it is closing the manufacturing plant by January 2010, a move that will cost 905 employees their jobs. The shutdown is part of a larger initiative by Dell to save $4bn through cost-cutting measures.

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N.C. government leaders are asking Dell to repay tax breaks and other incentives the PC maker received from them when it built its PC plant four years ago. Dell has announced it is closing the manufacturing plant by January 2010, a move that will cost 905 employees their jobs. The shutdown is part of a larger initiative by Dell to save $4bn through cost-cutting measures.

Read Full Article