Brief: Electrolux To Convert Facility In Louisville, Kentucky, US Into Competence Center

Electrolux Professional AB (publ)

27/08/2021 15:01

Aug 27 (Reuters) - Electrolux Professional publ AB
 EPROb.ST :
    * ELECTROLUX PROFESSIONAL INTENDS TO CONVERT FACILITY IN
LOUISVILLE, KENTUCKY, US INTO A COMPETENCE CENTER DEDICATED TO
CHAIN CUSTOMERS
    * PRODUCTION IN BEVERAGE FACTORY IN LOUISVILLE WILL BE MOVED
    * TRANSFER OF PRODUCTION IS EXPECTED TO BE FINALIZED AT
LATEST
DURING Q1 OF 2022 AND WILL AFFECT APPROXIMATELY 30 EMPLOYEES
CURRENTLY EMPLOYED IN LOUISVILLE FACILITY.
    * TRANSFER OF PRODUCTION AND RELOCATION OF WAREHOUSE IS
EXPECTED
TO GENERATE YEARLY SAVINGS OF APPROXIMATELY SEK 30M FROM Q2 OF
2022 AND IS NOT EXPECTED TO LEAD TO ANY MATERIAL NEW COSTS

Source text for Eikon:  ID:nWkr3KKfFC 
Further company coverage:  EPROb.ST 

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