As announced in July 2020, Electrolux Professional has been reviewing structural cost saving measures to generate savings of SEK 100-150m that will imply one-off costs. The measures, together with already implemented activities, have now been defined and are expected to generate yearly cost savings of approximately SEK 130m and one-off restructuring charges in the third quarter of 2020 of SEK 75m.
The measures include the reduction of approximately 210 employees globally, both production and non-production positions. Relevant union consultations will now be initiated.
The savings are expected to have a yearly run rate of SEK 110m from the second quarter of 2021 and a full yearly run rate of SEK 130m from the second quarter of 2022.
For further information, please contact Jacob Broberg, Senior Vice President Investor Relations and Communications +46 70 190 00 33
Update on previously announced cost saving measures 2020-09-29T11:00:00+00:00