Thinning sales!

No one is being spared from the heat of the global slowdown; Electrolux is no different. It is planning to cut around 3,000 jobs in Q4' of 08-09 from its offices all across the world. The major reason behind this move has been attributed to the falling sales volumes and product mix in the fourth quarter because of the surge in demand in the European and North American markets. The initiative is also in league with the company's plan of restructuring happening since last year. Needless saying, what else to expect from the company whose strategies are a failure.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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