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.