Electrolux cuts 3000 jobs worldwide
Electrolux, the world's leading electric appliance maker, said on Monday it plans to cut 3000 jobs worldwide and warned it would not meet its 2008 operating profit target due to declining demand.
Electrolux, Europe's largest maker of kitchen appliances, today abandoned its full-year profit target and said it will cut more than 3,000 jobs after demand plunged in Europe and North America.