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Electrolux announces global streamlining measures and Hungarian manufacturing investment

Following a strategic overview started earlier this year, Electrolux today decided to initiate a plan to improve efficiency throughout the Group. The company today also announced a plan to outsource parts of its current manufacturing in Hungary and invest in its Nyíregyháza refrigerator plant. The efficiency measures and redundancies related to the outsourcing will lead to restructuring charges in the third quarter 2019 of approximately SEK 1.6 billion. The net impact of non-recurring items in the third quarter is anticipated to be negative with approximately SEK 400 million; see separate

Source: Electrolux announces global streamlining measures and Hungarian manufacturing investment

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