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Hundreds of UK jobs are at risk at Electrolux, which today unveiled a profits warning in the wake of poor trading. The Swedish giant’s move will raise fears that rivals will follow suit. Electrolux, the biggest maker of kitchen appliances in the world, employs 600 in the UK. It said in a statement: ‘Demand for appliances in Europe and North America declined considerably in the two last weeks of November.

The weak market has had a negative impact on Electrolux sales volumes and products mix during the fourth quarter. The company has abandoned its minimum profit target for the year of 3. Its statement added: ‘As sales in December are seasonally low, there is a risk that operating income for the month will be slightly negative. The news will raise questions over the future of DSG International in particular.