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Exide plant layoffs begin Nov. 30: 120 employees expected to be laid off
Exide Technologies has informed 120 employees at its lead-acid battery recycling plant in Frisco that it will begin layoffs Nov. 30.
David McKercher, the plant's manager, notified the Texas Workforce Commission of the layoffs in a letter dated Sept. 18.
The news comes as Exide is required to cease operations at its Frisco plant as a result of a deal it reached with the city in May.
According to that deal, Exide must close its plant no later than Dec. 31. Following the plant closure, a cleanup operation will take place on the site. The plant itself is expected to be fully dismantled by July 2013, and the city believes a full cleanup will be complete by 2014.
As part of the deal, the Frisco Economic Development Corporation and Frisco Community Development Corporation will purchase 180 acres of land surrounding the plant from Exide for $45 million, while the company will retain 80 acres of land.
The Frisco Enterprise has contacted Exide Technologies requesting comment. This article will be updated if and when comments are received.