Electrolux reinitiates U.S. manufacturing and product investment, announces manufacturing consolidation projects
The Electrolux Group said today it is reinitiating an investment in Springfield, Tennessee, and consolidating all U.S. cooking manufacturing into that facility. Electrolux also said it will transfer refrigeration manufacturing from its Santiago, Chile facility to other locations. The measures will lead to restructuring charges in the first quarter 2019 of approximately SEK 1 billion, whereof approximately SEK 300 million will have a cash flow impact.“We are committed to investing in U.S. manufacturing and launching new Frigidaire kitchen products. By appropriately right sizing our business