The world’s largest appliance maker, Whirlpool Corporation has decided to shut down three Maytag plants in Iowa, Illinois and Arkansas, as part of its integration with Maytag. The decision comes less than six weeks after acquiring Maytag Corporation for $1.8 billion, which has catapulted Whirlpool to the position of the nation’s biggest appliance maker. It will also close Maytag’s headquarters and a research facility in Newton, as well as administrative offices in Illinois, Mexico and Canada. This will lead to 4,500 jobs cuts, which represents about 5.6% of Whirlpool’s work force of about 80,000 employees.
For Complete IIPM-Article, Click on IIPM-Editorial Column
Source IIPM-Editorial,2006
For Complete IIPM-Article, Click on IIPM-Editorial Column
Source IIPM-Editorial,2006
