Electrolux manufactures big ticket household electricals
(Picture: Electrolux)White goods manufacturer Electrolux is to initiate a round of cost cutting on the back of inflationary pressures, weaker- than-expected market demand and disappointing third quarter results.
The household name that produces everyday electrical products including fridges, washing machines, vacuum cleaners and tumble dryers has seemingly been hit by customer pull back on purchasing big ticket items in the face of a potential global economic recession.
