Category: Electrolux

The world’s second largest home appliances manufacturer Electrolux has said it is in talks to buy General Electric’s household appliances business, seeking to increase its foothold in the USA which is growing faster than its other markets in Europe.

Electrolux has agreed to pay a $750,000 civil penalty to settle federal regulators’ claim that it knowingly failed to immediately report defects that sent flames shooting out of ovens, causing singed hair and facial burns for customers.

Electrolux has been taking criticism in Italy over a plan to cut workers‘ salaries in order to stave off the possibility of moving its Italian operations to Eastern Europe, where labour is cheaper.

Home appliance giant Electrolux have announced 2,000 job losses and launched a new round of cost cuts to counter tough market conditions in Europe after posting a bigger than expected fall in third-quarter earnings on Friday.

Although many people will be unaware of what it even is, Electrolux is launching a combi-steam oven and vacuum sealer as set of appliances facilitating home sous-vide cooking.

Electrolux is to launch the manufacturing of refrigerators at its factory in Ivano-Frankivsk, Ukraine.

Electrolux found itself in a spot of bother out in Thailand when workers at one of the Electrolux plants in the region were allegedly detained against their will after a dispute with management at the plant. Then promptly sacked!

In an interesting article in the Financial Times The Electrolux chief Keith McLoughlin explains to the FT that he wants the group to move away from the lower cost products and to move the brand more upmarket.

Electrolux has unveiled a 35.6% jump in its second-quarter net profit which is well above expectations owing to strong demand from emerging markets and price increases.

Electrolux has seen a 22 percent increase in first-quarter net profit to 560 million kronor (£52 million) thanks to strong sales and increased impact in emerging markets.