Plant closures and cutbacks | Closed | ||
Torsvik | Sweden | Compact appliances | Q1 2007 |
Nuremberg | Germany | Dishwashers, washing machines and dryers | Q1 2007 |
Adelaide | Australia | Dishwashers | Q2 2007 |
Fredericia | Denmark | Cookers | Q4 2007 |
Adelaide | Australia | Washing machines | Q1 2008 |
Spennymoor | UK | Cookers | Q4 2008 |
Changsha | China | Refrigerators | Q1 2009 |
Scandicci | Italy | Refrigerators | Q2 2009 |
St. Petersburg | Russia | Washing machines | Q2 2010 |
Motala1) | Sweden | Cookers | Q1 2011 |
Webster City | USA | Washing machines | Q1 2011 |
Alcalà | Spain | Washing machines | Q1 2011 |
1) Divestment | |||
Authorized closures | Estimated closure | ||
L’Assomption | Canada | Cookers | Q4 2013 |
Investment | Starting | ||
Porcia | Italy | Washing machines | Q4 2010 |
Memphis | USA | Cookers | Q2 2012 |
In 2004, Electrolux initiated a restructuring program to make the Group’s production competitive in the long term. This program is in its final phase and has so far yielded annual savings of about SEK 3bn. About 35% of manufacturing in high-cost areas have been moved and more than 60% of the Group’s household appliances are currently manufactured in low-cost areas that are near rapidly-growing markets for household appliances. In 2011, additional measures were presented to further adapt capacity in mature markets to lower demand. The total cost for the whole program will be approximately SEK 12bn and savings will amount to approximately SEK 5bn annually as of 2016. Restructuring provisions and write-downs are reported as items affecting comparability within operating income.