Electrolux

Local News
4:32 pm
Fri April 24, 2015

Electrolux's Earnings Decline

Credit Tasnim Shamma

Electrolux reported first-quarter earnings fell 29 percent compared to last year. Company officials blame North American operations for the bulk of the Swedish-based company’s earnings’ decline.

Sales of company appliances, such as microwave ovens and room air conditioners are up slightly in North America, but President and CEO Keith McLoughlin said other factors in the region are hurting profits.

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Local News
12:23 pm
Wed January 28, 2015

Electrolux's Global Profits Up, North American Profits Down In 2014

Credit Tasnim Shamma

Household appliance-maker Electrolux, whose North American headquarters is in Charlotte, reported an 18 percent increase in global profits last year. But in its earnings report Wednesday morning, Electrolux noted its North American profits were down compared to 2013.

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Business
9:58 pm
Fri December 20, 2013

Electrolux Announces 810 New Jobs, $85M Investment In Charlotte

Jack Truong, CEO of Electrolux Major Appliances North America, announced the company will add 810 jobs by 2017.
Credit Tasnim Shamma

Appliance Maker Electrolux announced it will add more than 800 jobs with the expansion of their U.S. corporate headquarters in Charlotte. Electrolux says it will also invest more than $85 million toward construction costs for the expansion.


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