To take advantage of synergies, improve coordination and increase efficiencies, Electrolux has decided to consolidate most of its U.S. corporate office operations and support functions into one single location.
Electrolux has selected Charlotte, North Carolina as the location for the new corporate headquarters. Consolidation will be done gradually and is scheduled to start in the third quarter of 2010.
The consolidation will result in a charge against operating income of approximately
SEK 220 million in the fourth quarter of 2009, within items affecting comparability.
For further information contact Electrolux Media Hotline on +46 8 657 65 07
Electrolux is a global leader in household appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 markets 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, Eureka and Frigidaire. In 2008, Electrolux had sales of SEK 105 billion and 55,000 employees.
Electrolux may be required to disclose the information provided herein pursuant to the Securities Market Act.