Electrolux Says to Cut 3,000 Jobs in Restructuring Push

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Swedish home appliances giant launches massive global restructuring and capital increase to face North American shrinking market Swedish home appliances group

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The Swedish Household Appliances Group Electrolux announced on Thursday the launch of a capital increase of 830 million euros and the elimination of 3,000 jobs.

vz.lt

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Swedish home appliance maker Electrolux said Thursday it will lay off 3,000 workers over the next two years, part of a drive to streamline operations at a time when the company faces fierce competition, particularly in North America.

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The Swedish group of electrolux appliances has announced a capital increase of 9 billion crowns (830 million euros) and a reorganization of production, with the elimination of 3,000 jobs in two years worldwide.