Finance ministry 'closely monitoring' fate of Electrolux employees

The Finance Ministry has said that it is closely monitoring the fate of employees of the Electrolux plant in Jaszbereny as well as examining the immediate relocation of workers affected by the company's announcement that it is laying off around 800 people at its Jaszbereny plant. The company has said it is outsourcing the production of vacuum cleaners and most of the production of free-standing refrigerators from Jaszbereny to external partners with the aim of boosting competitiveness. At the same time, Electrolux Group also announced on Tuesday plans to invest 100 million euros in its high-end refrigerator plant in Nyaregyhaza between 2020 and 2023.