Category: Electrolux

Electrolux said Chief Executive Officer Keith McLoughlin has decided to retire following the collapse last month of the Swedish manufacturer’s £2.2 billion deal to buy General Electric’s household goods business.

Electrolux will reduce costs at its small appliance division to save an expected 120 million kronor (€12.9m) annually starting at the end of next year.

Reuters reports that Electrolux has offered to settle its fight with the Justice Department over whether it will be allowed to buy General Electric’s appliance business, but that the Justice Department’s initial reaction to the offer was negative.

The U.S. Department of Justice (DoJ), which is suing to stop Electrolux from buying General Electric’s appliance division, said today that it had received no settlement offer from the companies that might allow the deal to go ahead.

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

Electrolux is laying off dozens of employees at its Charlotte headquarters and local distribution facility.

Electrolux plans to sell an oven later this year that streams live video to your phone or tablet, so you can keep an eye on a roast from anywhere in your home if not beyond.

Electrolux has decided to freshen up its long standing logo with a new typeface, colour and a bit of tweaking.

Chief Executive Officer Keith McLoughlin has indicated to Bloomberg that the $3.3 billion acquisition of General Electric’s appliance business may not be the end of the company’s spending as he steps up the battle with rival Whirlpool.

Electrolux is to buy General Electric’s household appliance business for $3.3bn (£2bn).