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.

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

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

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

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