Follow our blogs on Twitter: .biz blog | Centsible Saver | Tech Junkie | Mouthful | Green Scene | Warm TV

Published Wed, Oct 07, 2009 02:20 PM
Modified Wed, Oct 07, 2009 04:26 PM

Dell closing Winston-Salem plant

Article

AP file photo

A Dell worker loads a completed computer in the Winston-Salem plant. The company announced Wednesday that it was closing the facility.

Email Print Order Reprint

Share This

Text

tool goes here

Dell plans to close its computer manufacturing plant in Winston-Salem by January, and lay off 905 employees.

Dell opened the assembly plant in 2005 and was offered a massive incentives package valued at $305 million if it met hiring and investment goals. The project was seen as a major economic development victory by supporters and a huge waste of taxpayer money by critics.

About 600 workers at the plant will be let go next month, Dell announced this afternoon. The rest will be out of work by early next year.

The closure of the Forsyth County plant is part of a broader cost-cutting effort by Dell, which is trying to offset weaker PC sales worldwide during the recession.

"This is a difficult decision, especially for our North Carolina colleagues, but a necessary one for Dell customers and our company," vice president Frank Miller said in a prepared statement.

Get the biggest news in your email or cellphone as it's happening. Sign up for breaking news alerts.

Email Print Order Reprint

More Business

For Patagonia, it’s lucrative to be green
High-end outdoor clothier and gear maker Patagonia Inc. is out to prove that a company can generate strong sales while being nearly fanatical about environmental concerns.
Americans grew gloomier about the economy in May
Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism.
$1 billion inventory of Blackberrys piles up; writedown likely for RIM
Research In Motion’s stockpiles of BlackBerry smartphones and PlayBook tablets have swollen by two-thirds in the past year because of slumping sales, raising the chances of the company’s third writedown since December.
Toyota’s Prius escapes niche to surge into global top three
Toyota’s Prius, a niche oddity when it went on sale 15 years ago, jumped to the world’s third best-selling car line in the first quarter as U.S. demand and incentives in Japan turned the hybrid into a mainstream hit.
Crippled law firm files for bankruptcy
Dewey & LeBoeuf, the law firm crippled by financial miscues and partner defections, filed for bankruptcy on Monday night, punctuating the largest law firm collapse in U.S. history.
Facebook's stock falls below $30 for first time
Facebook's stock has fallen below $30 for the first time since its much-awaited public debut this month.
Home prices rise in most major US cities
Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the housing market.
Fashionable buyers spur boom in high-tech athletic shoes
Sales of running shoes have pushed up profits at retailers as well as the companies that make the shoes.
Spanish bank crisis worries European investors
European stocks gave up most of their early gains Monday, dragged down by worries about Spain that caused Madrid’s benchmark index to slide 2 percent by mid-afternoon.
Raleigh audiology clinic adjusts hearing aids to fit each patient’s pitch
Now Hear This, which also sells hearing aids, is the nation’s first audiology practice to use an innovative $25,000 system to adjust hearing aids so that the sound works best for the patient. The ACAM 5 combines audio measurements that account for the size and shape of the ear and the ear canal with a technology that determines the patient’s perception of loudness.