Electrolux Faces Cutbacks

Swedish appliance maker Electrolux could close or scale back operations at four European factories this year.

The units, which specialize in the manufacturing of refrigerators, are located in: Nuremberg, Germany; Fuenmayor, Spain; Florence, Italy; Mariestad, Sweden.  In total, they employ up to 2,500 people. 

The first two facilities could face closure while the latter two could see staffing cuts.  The company will soon operate four factories in Poland and has recently shut down units in both Sweden and France.

Electrolux saw its net earnings fall 27.6 percent in the first three months of the year to $US 113 million.