Elco Holdings, controlled by Gershon Salkind, yesterday admitted to losing NIS 21 million in the first quarter of 2005. The first quarter preceded a serious overhaul at Elco, which included shedding Elco Brandt, its French maker of air conditioners and other household appliances, which has been b…
Category: Brandt
Fagor Brandt news and information on new products, company news and information and so on.
Elco Brandt provides NIS 51m for lay-offs
Elco Holdings subsidiary Elco Brandt has announced the completion of negotiations with the company’s employee representatives for the retirement of 357 manufacturing workers. The plan includes an option for early retirement beginning in 2005 until 2006. Elco Brandt will make a provision of €…