Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Electrolux CEO Cuts Jobs
Oct 23, 2002
 Printable format
 Email this Article
 Search

Electrolux AB CEO Hans Straaberg, in the middle of a 3-year job-cutting program, is seeking more savings in Europe as the household-appliance maker faces waning consumer confidence. The owner of AEG, Frigidaire and Zanussi brands is cutting about
5,000 jobs to shave 1.4 billion kronor (U.S. $150 million) a year in operating costs starting next year. Mr. Straaberg is also standardizing products across Europe, the source of 50 percent of sales.

The company plans to eliminate most of its more than 50 brands
while boosting the Electrolux label. In Europe, Mr. Straaberg wants to cut by half the number of product models to 60 to remove production overlaps and gain in profitability. (Bloomberg News)

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows