Electrolux to cut 3,000 jobs as sales fall

By Agence France-Presse

Oct 28, 2023 12:09 am

STOCKHOLM: Swedish home appliances maker Electrolux said on Thursday it plans to cut some 3,000 jobs as it reported lower sales in the third quarter.

'Against the background of continued weak consumer demand and competitive pressure in the market, Electrolux Group is stepping up its cost reduction efforts to restore margins,' the company said in a statement.

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