LAFAYETTE, Ind. (AP) — Subaru is moving ahead with its plans for spending more than $400 million to expand and upgrade its Lafayette factory while significantly scaling back the expectations for new jobs.
The company is asking Lafayette officials for a 10-year property tax abatement that includes $353 million in manufacturing equipment and $68 million in real estate improvements.
The Journal & Courier reports Subaru is projecting it will add 50 full-time jobs. That’s down from the 900 new jobs expected when Subaru announced the project last year.
The scale-back follows Toyota’s decision in November to stop building cars at the Lafayette plant. Subaru officials said they didn’t expect layoffs from among the factory’s 3,600 workers.
Subaru plans to start building the Impreza small car at the factory in 2016.