Electrolux to shut Singapore regional HQ by May


FILE PHOTO: The Electrolux logo is seen during the IFA Electronics show in Berlin, Germany September 4, 2014/File Photo

SINGAPORE: Swedish home appliances maker Electrolux will be shutting its regional headquarters in Singapore by May, potentially affecting around 100 to 200 employees, The Straits Times (ST) reports.

Sources said that most of the affected employees will be retrenched, although a handful have been offered relocation packages.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Matrade: Malaysia’s trade breaks RM3 trillion mark despite challenging global conditions
Swift Energy Tech subsidiary bags contracts worth RM18mil
Reneuco redesignates Mustakim Mat Nun to group MD
ISF Group IPO oversubscribed by over 31 times
Dayang subsidiary to purchase marine vessel for RM117.7mil
Ringgit eases slightly against greenback on caution amid renewed US-EU tariff tension
Maybank launches ROAR30 strategy plan, targets 13-14% ROE by 2030
Mitrajaya accepts RM42.81mil fourth variation order for data centre project
PJBumi acquires drilling rigs for RM162mil
Manforce secures Bursa approval for ACE Market IPO

Others Also Read