Electrolux to Shut Down Production at Hungary Factory
Swedish appliance maker Electrolux will end production at its Jaszbereny plant in Hungary by year-end. The closure involves a $65.5 million restructuring cost.
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The appliance manufacturer ELECTROLUX AB-B, which is headquartered in Sweden, announced on Wednesday its intention to close its manufacturing facility in Jaszbereny, Hungary, by the end of the year. The company anticipates a restructuring charge of approximately 0.6 billion Swedish crowns ($65.55 million) related to the factory's closure.
