Electrolux: coronavirus to have material financial impact

(CercleFinance.com) - Swedish home appliance maker Electrolux on Monday warned that there was a "considerable risk" of a "material financial impact" due to the spread of the novel coronavirus during the first half of 2020.


Given the fluid situation, it is not possible to predict the duration or scope of the health crisis, and therefore the full potential impact, it said.

Electrolux said it is stepping up its efforts to encourage more employees to work remotely and reshaping the way employees work at its manufacturing sites.

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