SYDNEY, Oct. 25 (Xinhua) -- More than 500 Electrolux workers are facing job losses after the Swedish multinational home appliances company announced it would close its factory in Australia's New South Wales (NSW), local media reported on Friday.
Electrolux has announced its factory at Orange in central western NSW will be closed in 2016, according to the Australian Broadcasting Corporation (ABC).
The announcement will mean the loss of 544 jobs at Australia's last refrigerator manufacturing plant, which has been operating for more than 70 years.
The Orange factory produces at least 300,000 Electrolux, Westinghouse and Kelvinator fridges and freezers each year.
"The company's exhaustive investment study, announced earlier this year, concluded that Electrolux is able to manufacture refrigerators currently made here more cost-effectively in other factories in Asia and Eastern Europe," said John Brown, the managing director of Electrolux Home Products Australia and New Zealand.