Philips Lightolier lays off workers, faces tax credit questions

Posted 9/10/12

FALL RIVER – As many as 30 workers at Philips Electronics subsidiary Philips Lightolier were laid off last week, sparking an examination by city officials, reported the Fall River Herald.

The Herald reported that city officials intend to examine the layoffs in light of tax breaks the company was granted by both Fall River and the state of Massachusetts.

Lightolier has a 20-year tax increment financing agreement dating to 1994, which has reduced its property taxes by 75 percent over the last four years, according to the Herald.

Depending on a review by the Fall River Office of Economic Development, Lightolier may face a decertification of its current tax breaks.

Philips told the Herald that the layoffs at the energy-efficient lighting systems-maker were seasonal and that workers may be hired back if construction work picks up at the start of 2013.

No comments on this story | Add your comment
Please log in or register to add your comment
PBN Hosted

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News