20601A-WFNZ-the-fan-Final2 35h_CBSSportsRad_1660AM

News Home

Deere-Hitachi NC Excavator Plant To Add 340 Jobs

View Comments
(Photo by Tim Boyle/Getty Images)

(Photo by Tim Boyle/Getty Images)

KERNERSVILLE, N.C. (AP) — A partnership between two behemoth builders of excavating machinery plans to add 340 jobs at a North Carolina plant in return for more than $5 million in incentives. Promised salaries will be below the local average.

Deere-Hitachi Construction Machinery Corp. said Friday it will expand its Forsyth County plant that now employs more than 700. The plant is a partnership between Japan’s Hitachi Construction Machinery and Illinois-based Deere & Co.

State and local governments have promised tax breaks and other incentives worth more than $5 million if it adds the jobs within four years and sustains them for nine years.

The jobs will pay an average of about $42,100 plus benefits. That’s about $500 less than the average Forsyth County wage. The county’s unemployment rate in August was 9.5 percent.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Listen Live!

Follow CBS Charlotte

Like us on foursquare