CHARLOTTE, N.C. (AP) — Swedish appliance-maker Electrolux is canceling its plans for a major expansion at its North American headquarters in Charlotte after its failed attempt to purchase General Electric’s appliance unit.
Electrolux CEO Keith McLoughlin tells The Charlotte Observer that the company has informed local leaders that it’s not moving forward with a project that would have nearly doubled its Charlotte workforce.
Electrolux employs about 850 people at its North American headquarters in Charlotte. In 2013, Electrolux said it was planning to add 810 workers by 2017 with an $85 million expansion.
In June, the company said it was evaluating that plan as part of its planned GE deal. GE, however, pulled out last month in the face of regulatory opposition and found another suitor at a higher price.