Electrolux cut jobs

The company will fire 5% of the total employees, till now there is no information about from which region.

 Electrolux, the world's second-biggest
home appliances maker, warned its 2008 results would fall short of
expectations and said it would cut more than 3,000 jobs globally amid
an abrupt downturn in business.

Company said in a statement that demand
for appliances in Europe and North America had declined considerably
in the two last weeks of November and so far in December.

It said that, in the 11 months to
November, comparable operating income was around $336.5 million.