Maytag is cutting its salaried work force by 20 percent, or 1,100 jobs, as part of a restructuring, and the company lowered its earnings expectations, citing lower sales and higher materials costs.
It will consolidate its Hoover, Maytag Appliances and headquarters divisions to improve speed and competitiveness. A Maytag spokeswoman said the reduction in the company’s salaried work force will come at Hoover’s factory in North Canton, Ohio, and its company headquarters in Newton, Iowa.
The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. (To access color photos of the following recalled pro…
Credit spreads on Maytag Corp. have weakened following news that retailer Best Buy Co. will no longer carry its appliances but market participants are divided over where spreads go from here. Best Buy , the fourth-largest U.S. appliance retailer, said on Wednesday it would stop selling Maytag’s m…
Whirlpool have issued the biggest U.S. dishwasher recall in three years to fix 1.7 million of its Maytag models with a fire hazard, the Consumer Product Safety Commission said. The dishwashers have a faulty heating element that can short-circuit and ignite, the agency said in a statement. Consume…