Appliance maker Electrolux to close Hungary plant, affecting 600 jobs (updated)

Electrolux AB

22/04/2026 07:52

Adds quote, detail throughout

STOCKHOLM, April 22 (Reuters) - Swedish appliance maker Electrolux ELUXb.ST will close its factory in Jaszbereny, Hungary by the end of the year, affecting around 600 employees, the company said on Wednesday.

Electrolux said in a statement the closure of the plant, which manufactures built-in and freestanding refrigeration products, is part of efforts to lower costs in the face of competition and sluggish demand.

"This is driven by the current competitive environment, which is impacted by stagnant market demand, price pressure, and increasing constraints on cost competitiveness," it said.

Electrolux will book a 0.6 billion crown ($65.6 million) restructuring charge, of which 0.3 billion is cash related, in the second quarter, it added.

($1 = 9.1537 Swedish crowns)

 (Reporting by Anna Ringstrom, editing by Essi Lehto and Terje Solsvik)

 ((anna.ringstrom@thomsonreuters.com))