Electrolux promise: No threat to Swedish jobs – Swedish Dagbladet

Electrolux promise: No threat to Swedish jobs – Swedish Dagbladet

Electrolux multi miljardköp of household equipment manufacturer GE Appliances, with a foothold in North America, does synergy of several hundred million dollars per year. But synergy is dependent on restructuring possibly even closures, even when the two plants can become. But the employees in Sweden are securely in the boat.

– This purchase does not affect any employees in Sweden, says Keith McLoughlin, to SvD Business.

Exactly where within Electrolux are concerned by the restructuring would the CEO not speculate until they passed the approval of countries, primarily the United States competition authorities. But there is talk of restructuring is crystal clear.

– 300 million (dollars, editor’s note) is an estimate of the potential restructuring. We must wait for the competition authorities before we do anything, says Keith McLoughlin.

It has long been rumored that Electrolux was close to buying GE Appliances and shares have been tendered before the announcement came on Monday. It has been speculated that Electrolux wanted to buy GE Appliances to prevent its competitors to become larger. But it rejects CEO Keith McLoughlin.

– We would not spend so much in a defensive step. This is a completely legal and proactive step for us.

Electrolux could not buy all the way to first place at the appliance list. Despite a purchase of nearly 24 billion succeed Electrolux does not go about the world’s largest appliance manufacturer, Whirlpool.

– This will be the hair, , but they are going to buy the Italian company Indesit. Our ambition is not to be the biggest but the best and we believe that this deal will help us.

With the purchase, Electrolux one-third larger and doubles its size in the United States. In addition, Electrolux stronghold in Mexico, thanks to the 48-percent stake in the Mexican company Mabe included in the contract.

Would you ate all the Mexican company

– It is not appropriate to speculate on that now. First we’ll take care of this.

When it comes to future growth hopes Electrolux much of the growing middle class in the world, mostly in Asia and then perhaps most of China

– You have to have relevant products to consumers with high quality, good value and relevance of innovation. We are relatively small in China and sees a good opportunity. The major domestic suppliers dominate and we hope for a portion of the premium market, says McLoughlin.

But, today and the next two weeks it is hard work and many meetings with shareholders and other stakeholders who want to know more about today’s supermarkets .

– There is a large day for Electrolux. We become a stronger company and we’ll celebrate with employees, says CEO.