Electrolux to shut down Spanish factory
STOCKHOLM (AFP) - Swedish appliance maker Electrolux said Friday it would close a washing machine factory in Spain in 2011 that employs 450 people.
| Related news: • Electrolux way over expectations |
"Unfortunately we cannot manufacture products at a competitive cost level in the Alcala factory, which is why Electrolux will stop production there," said Enderson Guimaraes, head of Electrolux operations in Europe.
The plant in Alcala, near Madrid, produces washing machines for the Spanish, Portuguese, French and British markets.
Electrolux, after carrying out several reorganisations in recent years in a bid to cut costs, announced the elimination of 3,000 jobs in December in response to the global economic slowdown.
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Last Updated (Friday, 23 October 2009 15:44)
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