A possible 4,000 jobs may be lost at home appliance manufacturer Electrolux.

Electrolux, a Swedish company that manufactures household appliances, has announced that it plans to eliminate up to 4,000 employees.

The third quarter results for Electrolux showed a loss of 605 million Swedish kronor for the company.

Electrolux saw a decrease from the previous year's net profit of 1.1 billion Swedish Kronor.

According to the statement made by the corporation, "the bulk of the projected cost reductions will be realized in business region North America."