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Stocks•22 April 2026•

1 min read

Electrolux to Close Hungary Factory, Flags $65 Million Restructuring Charge

Key Facts

1Electrolux announced it will close its Jaszbereny factory in Hungary, which manufactures built-in and freestanding refrigeration products.

2The company expects to flag a restructuring charge of approximately $65 million related to the factory closure.

Electrolux has announced the closure of its manufacturing facility in Jaszbereny, Hungary, which primarily produces built-in and freestanding refrigeration products. The company expects to incur a one-time restructuring charge of approximately $65 million associated with the factory shutdown. This strategic move is part of a broader effort to optimize manufacturing operations and streamline the production of its refrigeration lines. While the closure results in an immediate financial hit, it aims to improve long-term operational efficiency and competitiveness. The decision highlights the ongoing restructuring trends within the European manufacturing sector amid rising costs. Investors are closely monitoring how these charges will impact the company's upcoming quarterly financial performance.