The BBC has reported that concerns have been raised about the possibility of job losses at the head office of Hoover in Merthyr Tydfil. Welsh Assembly Member Huw Lewis says he understands an announcement will be made soon on a plant employing 500. Hoover makes washing machines and tumble driers i…
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Ebac To Manufacture Fridges In The UK?
It has emerged that Ebac, the cooler and dehumidifier manufacturer, is planning to move to £7m facilities to make its own fridges, if planners give the go-ahead for a new Tesco supermarket on its current factory site. Ebac is applying to Wear Valley District Council for planning permission …
Vestel/Whirlpool Joint Venture Off
The Harriyet Daily News has reported that the deal between Whirlpool and Vestel’s joint venture to produce appliances is off due to the global crisis. It would appear that many companies are becoming a lot more cautious given the current financial climate.
More Details Emerge About Servis UK’s Fate & GBDAR
More detail is slowly emerging about the collapse of Servis UK in Birmingham. The struggling company called in the receivers after the parent company, Antonio Merloni, entered into effective administration under the Italian Marzano’s Law earlier this month which allows the company to continue to …
Electrolux President Hans Straberg’s Comments On The Third Quarter 2008
The financial crisis has without a doubt affected the consumption levels of appliances. Many consumers are postponing their purchases or choosing less expensive products. And there’s no evidence that the weak market developments will turn around in the near future. In spite of this headwind, we a…
Whirlpool To Cut 5000 Jobs!
Whirlpool says it’s cutting about 5,000 jobs this year and next due in large part to the long downturn in the U.S. housing market. A company spokeswoman says the layoffs will likely include the Tulsa plant where about 1,300 employees make kitchen range cookers.
Indesit Profits Drop 25%
Indesit have posted a 24.7 percent fall in third-quarter net profit on a consumer slowdown and currency volatility and warned of a “difficult” last quarter leading to lower sales for the year. Indesit, which makes appliances under Hotpoint, Scholtes, Ariston and Indesit labels, said in a statemen…
First Time Lucky For White Goods Winners At The 2008 TEQ Awards
Domestic & General have announced the winners of their 2008 Total Excellence & Quality (TEQ) Awards, with first place in the main and low volume categories going to first time winners from Scotland.
LG Wins Patent Battle With Whirlpool
South Korea’s second-largest consumer electronics maker, said Monday a U.S. federal judge has ruled in its favor in a patent lawsuit brought by U.S. appliance maker Whirlpool Corp. The U.S. Court of Appeals for the Federal Circuit upheld a lower court’s ruling on October 10, ending a five-year pa…
Recession Sends DSG Sales Down 7%
DSG International (Currys, PC World and Dixons) have reported a sales plunge of 7% on a like-for-like basis today and confirming it will not be making a profit in the first half of the year. DSG chief executive John Browett said that, “˜Consumer confidence has significantly deteriorated par…