Category: Maytag

The company that owns the Hoover vacuum cleaner brand is considering selling it.

Maytag has today reported a fourth-quarter loss that widened fivefold compared to a year ago due to restructuring and merger charges related to its pending takeover by rival Whirlpool. Maytag said it was considering selling its poor performing vacuum-cleaner business, including the Hoover brand t…

Antitrust advocacy group, the American Antitrust Institute, wants the US Justice Department to block Whirlpool’s proposed purchase of Maytag, or to at least require the Benton Harbor based company to spin off holdings in its laundry business.

Hoover parent intends to keep N. Canton plant open at least three years, local officials report

As Maytag makes good on its pledge to cut manufacturing costs in an effort to improve earnings, many workers at the appliance maker are growing uneasy about their jobs, union leaders say.

Appliance maker Maytag Corp. pushed back the date for a shareholder vote on its proposed acquisition by rival Whirlpool Corp. to Dec. 22 from Dec. 16 to allow more time to mail materials, the companies said in a statement.

Maytag said Monday it expects to close its laundry plant in Florence, S.C., by early next year, citing the need to reduce excess capacity. The decision to close the plant will affect about 60 workers.

Maytag Corp. is recalling about 5,000 front-loading washing machines. If the front-load washer is operated at maximum load capacity, the spinner could malfunction and break apart, posing a safety risk to consumers.

The Justice Department’s antitrust arm is asking for more information about Whirlpool Corp.’s proposed $1.7 billion acquisition of rival Maytag Corp. The companies, each among the top makers of dishwashers, refrigerators and other home appliances, said Friday they are working closing with the Jus…

Maytag boss Ralph Hake would receive a severance package of nearly $10 million if he loses or leaves his job after the Newton-based company is purchased by Whirlpool Corp., according to papers filed with a federal agency. “I can’t believe that anybody is worth all of that,” said Norma Jean Sharp,…