Cost reduction program within Small Appliances and information on costs related to GE Appliances
Electrolux initiates cost reduction program within Small Appliances and informs on costs related to GE AppliancesElectrolux today announced measures to structurally reduce costs within the business area Small Appliances. Operations continue to be negatively impacted by reduced volumes in several key markets, as well as unfavorable currency movements. Measures to restore profitability are now being taken, including staff reductions and downsizing of activities, mainly in the U.S., Sweden and China. Consultations have been initiated with the Swedish Unions. These actions are expected to