Electrolux closes Jászberény, Hungary factory
Analysis based on 8 articles · First reported Apr 22, 2026 · Last updated Apr 22, 2026
The market will likely react negatively to Electrolux Group's decision to close its Hungary — Jászberény factory, as it involves a significant restructuring charge of 0.6 billion Sweden — Swedish krona and impacts 600 employees. This move reflects a challenging competitive environment with stagnant market demand and price pressure, which could signal broader issues within the home appliance manufacturing industry.
Electrolux Group has decided to end production at its Hungary — Jászberény, Hungary factory, which manufactures built-in and freestanding refrigeration products. Production is expected to cease by the end of 2026. This decision will result in a restructuring charge of approximately 0.6 billion Sweden — Swedish krona, with 0.3 billion Sweden — Swedish krona being cash-related, to be reported in the second quarter of 2026. The closure is part of Electrolux Group's strategy to strengthen cost competitiveness and increase agility through production footprint optimization, driven by stagnant market demand, price pressure, and increasing cost constraints. Approximately 600 employees will be affected by the planned site closure. Electrolux Group plans to meet demand for refrigeration products by leveraging existing operations and working with external OEM partners. The local sales and marketing activities managed by the Budapest office in Hungary will not be affected.
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