Stockholm - Swedish home appliance maker Electrolux on Monday said it was to cut some 3,000 jobs worldwide after a drop in sales and lowered its full-year outlook.

The group has noted a "sharp market decline" since mid-November with weak demand in Europe and North America.

Electrolux said that it had revised its outlook for full-year 2008.

In its third-quarter report it expected an operating income of 3.3 to 3.9 billion kronor (411-486 million dollars) this was "no longer possible to achieve," the group said noting that sales in December were seasonally low.

The cost-cutting measures were estimated to cost 1.2 billion kronor, generating savings of 1.1 billion kronor as of 2010.

Electrolux said it planned to continue to move production capacity to low-cost countries.

In recent years, the group has moved production from plants in countries like Germany, Britain and Sweden to Poland, and from the United States to Mexico.

Electrolux had some 56,000 employees at the end of September. (dpa)