Electrolux Mulls More Plant Closures, Job Cuts
Apr 20, 2005
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Electrolux, one of the world's largest maker of household appliances, said it was considering cutting another 1,100 staff at four European sites after reporting a drop in first-quarter sales and pre-tax profits, excluding one-time items.

The Swedish group has been relocating production to countries where costs are lower and plans to spin off Outdoor Products, its biggest revenue-contributor, in an attempt to fight stiff competition and rising steel costs. (FT.com)

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