Picture of Arcelik logo

ARCLK.E — Arcelik News Story

0.000.00%
tr flag iconLast trade - 00:00
Consumer CyclicalsAdventurousMid CapValue Trap

Turkish home appliances maker Beko to cut 1,935 jobs in Italy, sources say

ROME, Nov 20 (Reuters) - Beko, the home appliances brand
owned by Turkey's Arcelik  ARCLK.IS , plans to cut almost 2,000
jobs in Italy, trade union sources said on Wednesday.
    The company announced 1,935 redundancies during a meeting
with unions hosted by Italy's industry ministry, the sources
said, confirming Italian press reports. Beko did not immediately
respond to a request for comment.
    However, the ministry said in a statement the plan put
forward by Beko's executives was not acceptable, adding the
government would use all means at its disposal to try to
safeguard jobs.
    The biggest planned cuts - 541 jobs - involve a fridge
factory in the northern province of Varese, where however three
production lines would be maintained. 
    Two other sites - a freezer factory in Siena and a plant for
washing machines and dryers in the central Marche region - are
set to close, with the loss of 610 jobs in total, according to
the sources. 
    Beko took on the Italian operations as part of its purchase
of Whirlpool's  WHR.N  European domestic appliances business,
which was approved last year by EU antitrust regulators. 
             

 (Reporting by Elisa Anzolin and Alvise Armellini, editing by
Keith Weir)
 ((alvise.armellini@thomsonreuters.com;))

Recent news on Arcelik

See all news