Update on previously announced cost saving measures
As announced in July 2020, Electrolux Professional has been reviewing structural cost saving measures to generate savings of SEK 100-150m that will imply one-off costs. The measures, together with already implemented activities, have now been defined and are expected to generate yearly cost savings of approximately SEK 130m and one-off restructuring charges in the third quarter of 2020 of SEK 75m.The measures include the reduction of approximately 210 employees globally, both production and non-production positions. Relevant union consultations will now be initiated. The savings are