Sanyo's layoffs prompt review of Oregon incentives

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Friday, May 03, 2013

Taxpayers paid more than $42 million in incentives to lure Sanyo Solar of Oregon to Salem five years ago.

Sanyo’s announcement last week that it is letting go of 52 of its about 200 workers has state and local officials taking a detailed look at their agreements with the company to see if it will continue to fulfill its part of the bargain.

The answer: Sanyo has already satisfied some of the requirements, is likely to continue satisfying others as long as employment numbers don’t decline further and is pledging to keep meeting those job numbers.

Read more at The Statesman Journal.

{biztweet}sanyo{/biztweet}

 

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