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Elextrolux Responds to Asbestos Report
Dec 18, 2002
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Electrolux is responding to a Reuters report that it has been hit with 194 class-action asbestos claims. According to the company, it has made a provision related to these pending cases in the amount of less than U.S. $9 million. Almost all of the cases relate to externally supplied components used in industrial products manufactured by discontinued operations prior to the early 1970s. Almost all of the cases have multiple plaintiffs who have made identical allegations against many other defendants not part of the Electrolux Group. The number of individual plaintiffs in these pending cases is approximately 14,300.

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