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STOCKHOLM–Electrolux said it will seek to reduce overhead costs in all of its regions, with savings amounting to about $98 million on a yearly basis.
The company said it has already begun to reduce staffing levels in all regions, and that these efforts will continue in the beginning of 2012. In the...
ENGLEWOOD CLIFFS, N.J.–LG Electronics has reset its U.S. organization with the appointments of Wayne Park as president of LG Electronics USA and Sam Kim as head of the U.S. division’s home-appliances business unit.
Both executives are long-standing veterans with LG. Park, whose LG career spans 28...
PORT WASHINGTON, N.Y.–Sales of major appliances generated double-digit dollar and unit growth of 16 and 12 percent respectively, from January to May 2010, versus January to May 2009, according to the market research company The NPD Group.
“Beginning last August we began to see signs of a...