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Published Wed, Dec 16, 2009 12:15 PM
Modified Wed, Dec 16, 2009 12:15 PM

Electrolux to move headquarters to Charlotte, add 738 jobs

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From staff reports

Another day, another announcement about new jobs in North Carolina.

Today's installment: Swedish appliance maker Electrolux picked Charlotte for its new North American headquarters. The company plans to create 738 jobs over the next five years.

Electrolux will receive state and local tax breaks and incentives worth as much as $27 million if it meets its hiring and investment targets.

The company already employs about 650 people in North Carolina, mostly at a dishwasher manufacturing plant in Kinston. Electrolux is consolidating corporate offices from around the country into the new Charlotte headquarters.

Earlier this week, Louisiana risk-management consulting firm IEM said it will move its headquarters to Research Triangle Park and create 430 jobs.

The moves are bright spots in a state where the jobless rate is 11 percent, above the national average. It's also a sign that despite the weak economy, North Carolina is seen as an attractive destination by companies looking to relocate.

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