Electrolux North America has agreed to terminate the tax break it receives on the company's soon-to-close Memphis plant.
The decision comes about a month after local officials said Electrolux had agreed to do so. The company announced in late January that it was closing its Memphis plant in 2020.
The North American subsidiary of the Swedish appliance manufacturer will begin paying its full taxes on land and a plant that is worth $82.5 million and equipment inside the plant that's worth tens of…
