Electrolux Cuts Italian Job Losses
Electrolux agreed with Italian officials and unions to reduce planned job cuts to under one thousand workers. The revised industrial plan includes over one hundred million euros in investments while keeping all domestic manufacturing sites open.
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ELECTROLUX AB-B agreed to cut planned job losses in Italy by nearly half and invest €100 million ($112 million) under a revised industrial plan agreed on Monday morning. The agreement follows 30 hours of talks between the Sweden-based appliance maker, unions, and government officials in Rome. The restructuring aims to boost regional competitiveness while preserving long-term manufacturing operations.
