Electrolux to cut 3,000 jobs after sharp decline in demand
Electrolux AB said it will cut more than 3,000 jobs in the fourth quarter and 2009 after a sharp decline in demand, the company said in a statement on Monday.
Electrolux AB, Europe's largest maker of kitchen appliances, abandoned its full-year profit target and said it will cut more than 3,000 jobs after demand plunged in Europe and North America.