Job Cuts Announced By Whirlpool Corporation
Monday, December 22nd, 2008Whirlpool Corporation has recently announced that it will cut about 5,000 jobs by the end of 2009.
The all-to-familiar reasoning is because of the global credit crisis and the companies’ expectation for continued reduced appliance demand in North America and Europe.
The job cuts include positions being eliminated from plant closings that the company already announced this year, along with new reductions taking place now and through the end of next year, company officials said, adding that the cuts are expected to produce annual savings of $275 million.
Whirlpool, whose brands include Maytag, KitchenAid and Jenn-Air, has approximately 73,000 employees worldwide.
You can visit the Whirlpool job and career board for more information Here.