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Appliance Maker Electrolux to Close Hungary Plant, Affecting 600 Jobs
The appliance maker said it will shift refrigeration output to other sites and external OEM partners as it restructures operations.
- On Wednesday, Electrolux Group announced plans to end production at its Jászberény, Hungary factory by the end of 2026, impacting approximately 600 employees.
- Stagnant market demand, intensifying price pressure, and constraints on cost competitiveness drove the decision as Electrolux Group aims to strengthen cost competitiveness and increase agility through production footprint optimization.
- A restructuring charge of approximately SEK 0.6 billion, including SEK 0.3 billion in cash-related costs, will be reported in the second quarter of 2026 as the company leverages existing operations and external OEM partners to meet demand.
- The decision does not affect local sales and marketing activities managed by the Budapest office, which will continue supporting the company's regional presence in Hungary.
- This strategic move aligns with broader production footprint optimization across Region Europe, Middle East, Africa, and Asia-Pacific, with the company disclosing the restructuring under the EU Market Abuse Regulation.
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14 Articles
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The decision is "justified by the current challenging competitive environment."
·Hungary
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According to the company, the production shutdown is due to stagnant market demand and price pressure.
Six hundred people will lose their jobs at the refrigerator manufacturing company, and while some expected this and have been looking for work for six months, others told HVG that everyone feels like crap now. Many are confident that the company will be fair to them, just as it was before.
·Hungary
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Total News Sources14
Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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