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Electrolux has decided to move production or refrigeration units from Sweden to Hungary.

According to information from Swedish television provider SVT, citing unnamed sources, things are not looking good for Electrolux employees in Mariestad. Electrolux are said to be closing down in the Swedish town and move the refrigerator production to Hungary. The decision will affect about 250 staff.

It is obviously bad news for the employees, said Magnus Karlsson, manager at Electrolux in Mariestad, to SVT.

Electrolux is apparently also looking for other companies that are willing to acquire or take over the facility in Mariestad.

The reason for the move is a lower cost base in Hungary. At least it’s an honest answer.

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