Electrolux News & Press Releases
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Bloomberg reports that Electrolux will cut close to 1,700 jobs and take a charge of 1.6 billion Swedish kronor ($164 million, we'd give it in £ but that's a guess these days with Brexit) to reduce spending as the appliance maker battles increased raw material and tariff costs.
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Electrolux said Chief Executive Officer Keith McLoughlin has decided to retire following the collapse last month of the Swedish manufacturer’s £2.2 billion deal to buy General Electric’s household goods business.