BREAKING NEWS

GM, Metro reopen in Egypt as Electrolux extends closure

By REUTERS

AUGUST 18, 2013 15:31

STOCKHOLM - General Motors and German retailer Metro AG reopened facilities in Egypt on Sunday while Electrolux extended plant closures until security stabilizes.

Electrolux, the world's second-biggest home appliances maker with nearly 7,000 employees in Egypt, suspended production in the country on Wednesday for five days.

The Swedish company said in a statement it would reassess developments continuously. "Operations will be resumed as soon as the security situation stabilizes," it said.

More than 700 people have died, most of them backers of ousted president Mohamed Morsi, in four days of violence during which the army-backed government launched a fierce crackdown on his supporters.

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