https://feeds.thelocal.com/ Read the latest news and views from Sweden in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Swedish home appliance maker Electrolux has warned that it is being held back by a global semiconductor shortage, and flagged rising raw material prices as it posted better-than-expected first quarter earnings. https://www.thelocal.se/20210428/why-a-swedish-company-is-worried-about-a-semiconductor-shortage Wed, 28 Apr 2021 14:36:36 +0200 why-a-swedish-company-is-worried-about-a-semiconductor-shortage Pandemic home improvement projects gave Swedish appliance giant Electrolux a multibillion-kronor net profit boost. https://www.thelocal.se/20210202/how-electrolux-more-than-doubled-its-earnings-thanks-to-lockdown-diy Tue, 02 Feb 2021 13:05:59 +0100 how-electrolux-more-than-doubled-its-earnings-thanks-to-lockdown-diy Swedish home appliance giant Electrolux said it would put its US investments on hold to send a "message" to President Donald Trump. https://www.thelocal.se/20180302/electrolux-freezes-us-investments-to-send-a-message-to-trump Fri, 02 Mar 2018 18:02:38 +0100 electrolux-freezes-us-investments-to-send-a-message-to-trump Swedish Finance Minister Magdalena Andersson has expressed anger after it was revealed that some of Sweden's largest multinational corporations pay little or no corporate tax. https://www.thelocal.se/20160607/sweden-sees-red-over-big-business-tax-stunts Tue, 07 Jun 2016 18:18:09 +0200 sweden-sees-red-over-big-business-tax-stunts Swedish appliance giant Electrolux celebrated on Thursday after it saw its first quarter profit more than double from a year ago thanks to robust markets in western Europe and the US. https://www.thelocal.se/20160428/swedish-electrolux-sees-profits-more-than-double Thu, 28 Apr 2016 17:52:16 +0200 swedish-electrolux-sees-profits-more-than-double Swedish giant Electrolux saw net profit plummet by nearly a third when it wrapped up a year marked by the failed acquisition of General Electric's appliance business with a final-quarter loss. https://www.thelocal.se/20160128/swedens-electrolux-sees-profit-drop-after-failed-ge-deal Thu, 28 Jan 2016 16:14:20 +0100 swedens-electrolux-sees-profit-drop-after-failed-ge-deal Swedish and international staff working at white goods giant Electrolux are getting a new boss after Keith McLoughlin announced his retirement following a turbulent few months for the firm. https://www.thelocal.se/20160111/swedens-electrolux-to-get-new-ceo-after-us-boss-quits Mon, 11 Jan 2016 09:33:49 +0100 swedens-electrolux-to-get-new-ceo-after-us-boss-quits Swedish and international staff at white goods giant Electrolux are feeling jittery after the company said it would be cutting jobs at the firm's headquarters in Stockholm, following a failed deal with US company General Electric (GE). https://www.thelocal.se/20151209/job-cuts-expected-at-stockholm-electrolux-hq Wed, 09 Dec 2015 10:58:49 +0100 job-cuts-expected-at-stockholm-electrolux-hq UPDATED: Shares in Swedish white goods giant Electrolux plummeted on Monday morning after US firm General Electric, which was poised to sell its appliance division to the Nordic firm, cancelled the agreement. https://www.thelocal.se/20151207/swedens-electrolux-sees-major-us-deal-scrapped Mon, 07 Dec 2015 10:50:33 +0100 swedens-electrolux-sees-major-us-deal-scrapped Swedish giant Electrolux's attempt to snap up General Electric's appliance business has been met with a lawsuit by US antitrust officials, saying the $3.3 billion deal would harm consumers. https://www.thelocal.se/20150702/swedish-firm-embroiled-in-us-antitrust-lawsuit Thu, 02 Jul 2015 09:58:58 +0200 swedish-firm-embroiled-in-us-antitrust-lawsuit Swedish appliance giant Electrolux has denied a report that its American chief executive Keith McLoughlin is resigning to reunite with his family in the US. https://www.thelocal.se/20150625/top-boss-of-electrolux-denies-plan-to-quit-sweden Thu, 25 Jun 2015 13:06:40 +0200 top-boss-of-electrolux-denies-plan-to-quit-sweden Swedish white goods maker Electrolux announced on Wednesday that its profits tripled in 2014, as it looks to North America for growth with the acquisition of General Electrics' appliance division. https://www.thelocal.se/20150128/sweden-appliances-earnings-electrolux Wed, 28 Jan 2015 13:24:00 +0100 sweden-appliances-earnings-electrolux Swedish electrical appliance maker Electrolux reported its third-quarter net profit soared 42 percent to 933 million kronor ($130 million) thanks to a cost-cutting programme started at the end of last year. https://www.thelocal.se/20141020/electrolux-profit-soars-after-cost-cutting-programme Mon, 20 Oct 2014 12:01:00 +0200 electrolux-profit-soars-after-cost-cutting-programme UPDATED: Swedish company Electrolux has agreed a huge deal with US appliance business General Electric Co as part of a plan to boost its presence in North America. https://www.thelocal.se/20140908/biggest-deal-for-swedens-electrolux Mon, 08 Sep 2014 10:52:00 +0200 biggest-deal-for-swedens-electrolux Swedish home appliance maker Electrolux reported a loss in the second quarter 2014 citing weaker demand during the World Cup and weaker sales in Asia, Australia and Latin American markets. https://www.thelocal.se/20140719/electrolux-reports-dip Sat, 19 Jul 2014 11:30:00 +0200 electrolux-reports-dip Electrolux posted better-than-hoped-for profits on Friday, bouncing back from losses last year when the Swedish home appliance maker let 2,000 employees go. https://www.thelocal.se/20140425/electrolux-first-quarter-profits-beat-predictions Fri, 25 Apr 2014 14:21:00 +0200 electrolux-first-quarter-profits-beat-predictions Swedish home appliance giant Electrolux blamed a weak European market on Friday for fourth-quarter losses that were wildly beyond analysts' expectations. https://www.thelocal.se/20140131/electrolux-posts-crushing-fourth-quarter-loss Fri, 31 Jan 2014 12:59:00 +0100 electrolux-posts-crushing-fourth-quarter-loss Swedish home appliance maker Electrolux plans to slash 2,000 jobs on the heels of disappointing third quarter results, the company announced on Friday. https://www.thelocal.se/20131025/51004 Fri, 25 Oct 2013 13:35:00 +0200 51004 Swedish home appliance maker Electrolux said on Thursday it was temporarily closing its factories in Egypt due to the violence in the country, while other firms with Swedish ties like Ericsson and Ikea have also been affected by the situation. https://www.thelocal.se/20130816/49684 Fri, 16 Aug 2013 09:25:00 +0200 49684 Swedish home appliance maker Electrolux reported a fall in second quarter profits in the second quarter on Friday, citing difficulties in European markets. https://www.thelocal.se/20130719/49158 Fri, 19 Jul 2013 15:05:00 +0200 49158