GREEN, Ohio -- ATM maker Diebold Inc. says it has changed its mind about building a $100 million global headquarters in northern Ohio.
However, the $2.8 billion technology company said it is committed to keeping its existing Ohio operations in Green, near Akron.
The company said Thursday it was suspending "indefinitely" its plans to build new corporate headquarters in Ohio in order to focus on growing its business.
Diebold's overseas operations have been battered in recent months.
As part of its cost-cutting efforts, Diebold will eliminate about 500 jobs in North America and Brazil over the next 30 days, including fewer than 75 positions in northeast Ohio.
The company has about 2,000 employees in the state.
The company broke the news to Ohio officials and local employees this week.
The Associated Press