Category: Indesit

Indesit Company posted higher full year results yesterday, supported by restructuring, analysts said, adding their focus is on UK market outlook and any China acquisition. They said said western Europe sales volumes are seen down 1 pct, in the UK down 3 pct, eastern Europe up 3 pct and CIS up 6 p…

Rueters have reported that Indesit is considering making a bid for a stake in Chinese washing machine maker Wuxi Little Swan after news that Swan’s main shareholder was planning to sell it (as we reported in an article on January 22nd) a source close to the matter said on Friday. Indesit has been…

A sheet of paper found on a fax machine left staff fearing for their jobs at Peterborough’s Hotpoint factory. But union representatives said they have been assured by the firm there is no need for alarm and the document found was simply part of a larger feasibility study. Concerned workers feared…

Indesit has been fined £39,500, including costs, by Northampton Magistrates for not protecting the health and safety of its employees after a worker suffered the injuries when a number of cookers fell on him while he was working at the company’s depot in Raunds. East Northamptonshire Counci…

Sixty seven workers are to be laid off from a washing machine factory in a demoralising pre-Christmas blow. Indesit has told its employees it wants to shed 45 production workers and 22 office staff at its Bodelwyddan factory at Kinmel Park next year. Some of them are temporary employees.

Widely reported this morning is that Indesit Company said it expects its full year EBIT to reach around 190 million Euros, up from 160 million in 2006, with sales rising about 5% from 2006’s 3.249 billion. The forecasts were included in a slide presentation for analysts after the company earlier …

A recently developed washing machine from Indesit has become the recipient of a design award, it emerged today. The Janus de l’Industrie from the Institut Francais du Design is aimed to award companies for their “outstanding creative results” in industrial design and development, according to the…

The Daily Turkish News reports today that Marco Milani, the Chief Executive of The Indesit Company asserts that Turkey is playing an integral role in the company’s future. Indesit Co., Europe’s third-largest home-appliance maker, plans to invest 30 million Euros ($42.2 million) to increase the ca…

Indesit have announced that hundreds of jobs will go as they close the Creda cooker production facility at Blythe Bridge today. The Staffordshire factory is to close with the loss of more than 600 jobs. Indesit said production at the former Creda plant in Blythe Bridge will move to the company’s …

Thomson Financial has reported that Indesit Company SpA said its second quarter net profit increased from a year earlier, as a firm rise in sales offset restructuring costs, coming in in-line with analysts expectations. Net rose to 11 mln eur, up from 7 mln in the second quarter of 2006, while EB…