“Dell Inc. announced today that it will close its plant in Forsyth County by the end of January, cutting 905 full-time jobs, including 600 by mid-November,” The Winston-Salem Journal reports.

“The decision comes just two days after the $110 million plant turned four years old,” The Winston-Salem Journal reports. “The plant is considered as the largest and highest profile incentive project in Triad history, with Dell eligible for up to $315 million in local and state incentives.”

“The closing comes as a surprise since Dell officials touted the 750,000-square-foot plant as its most modern and efficient plant, indicating it would be the last of its U.S. plants it would close,” The Winston-Salem Journal reports. “Analysts said that the plant closing does represent the end of U.S. manufacturing for Dell.”

Full article here.

WXII12.com reports, “Dell received $281 million in local and state incentives to locate the plant in Forsyth County. According to the agreement, Dell was required to invest $100 million into the plant, create 1,700 jobs by September 2010 and maintain those jobs for 10 more years. If those terms weren’t met, the company would forfeit the incentive package.”

“‘It’s a very regrettable announcement. Because Dell is stopping before five years, they have to repay every penny the city has invested,’ Winston-Salem mayor Allen Joines said,” WXII12.com reports. “The company said it planned to honor the agreements. Joines said the city had invested a total of $15.2 million in incentives.”

Full article here.

MacDailyNews Take: Mikey’s got the SID part on track, now all he has to do is get to work on GTMBTTS. Hopefully the affected employees will be able to find better employment opportunities as soon as possible.

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