Stockholm, April 23, 2026 (AFP) - Electrolux says to cut 3,000 jobs in restructuring push

NAMPA / AFP

2026-04-23

Swedish home appliance maker Electrolux said Thursday that it would cut 3,000 jobs over the next two years, part of efforts to streamline operations as it faces stiff competition particularly in North America. The group also said it had raised nine billion kroner ($970 million) in funds from shareholders to pursue its growth strategy, including a new partnership with China's Midea to produce for North American markets. "The highly complementary,......

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