Electrolux has decided to launch an investigation into the future viability of a cooker factory in Spennymoor, UK. The factory manufactures free standing and built-in cookers for the UK and Irish markets and has approx. 500 employees.
“Imports from countries with lower cost levels have intensified over the last few years, therefore resulting in lower prices. Price erosion and the intensified global competition has significantly undermined the profitability of the factory in Spennymoor which is why we need to review the operations there”, says Magnus Yngen, head of Electrolux Major Appliances Europe.
The investigation is scheduled to be completed during the fourth quarter of 2007.
For further information contact Electrolux Media Hotline on +46 8 657 65 07
Electrolux is a global leader in home appliances and appliances for professional use, selling more than 40 million products to customers in 150 countries every year. The company focuses on innovations that are thoughtfully designed, based on extensive consumer insight, to meet the real needs of consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines, vacuum cleaners and cookers sold under esteemed brands such as Electrolux, AEG-Electrolux, Zanussi, Eureka and Frigidaire. In 2006, Electrolux had sales of SEK 104 billion and 56,000 employees. For more information, visit http://www.electrolux.com/press