Electrolux is to scale back Australian manufacturing operations with a decision to close its washer/dryer and dishwasher plants in Adelaide over the next 18 months. Production will be moved gradually to other Electrolux factories.
The Electrolux dishwasher plant will close at the end of April next year and the Electrolux washer/dryer plant, by the end of first quarter of 2008. Approximately 500 jobs will be affected by the closures.
The closures are part of the ongoing restructuring program, which was announced in 2005. The closures will incur a total cost of approximately SEK 300 million, which will be taken as a charge against operating income in the third quarter of 2006.
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About the Electrolux Group
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 2005, Electrolux had sales of SEK 100 billion and 57,000 employees. For more information, visit http://www.electrolux.com/press.