Electrolux slashes jobs

STOCKHOLM - Electrolux, the world's biggest white-goods maker, said yesterday it had reached a deal to end a strike at its AEG plant in Nuremberg, Germany, confirming the 2.3 billion crown ($438 million) closure of the plant.

Workers have been on strike at the German plant since late January over Electrolux's plans to close the factory, cutting around 1750 jobs, and move production to Poland and Italy.

Electrolux has said it will relocate about half of its plants in Europe and North America to Asia, eastern Europe and Mexico.

- REUTERS