Category: Whirlpool

Whirlpool has reported a 76 percent drop in quarterly profit as sales crumbled worldwide, and the world’s biggest appliance maker said earnings would fall further in 2009, sending its shares down more than 9 percent. The maker of Whirlpool, Maytag and Kitchen Aid appliances also posted an operati…

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.

A Whirlpool spokeswoman said yesterday that the company will lay off 440 workers, or more than 20 percent of the work force, at its Middle Amana plant. Whirlpool spokeswoman Jill Saletta says the layoffs are the result of sagging market conditions. The company informed workers of its plans on Thu…

Whirlpool have announced today that they are to layoff workers at its Fort Smith, Arkansas manufacturing facility. According to Whirlpool it would lay off approximately 700 employees at its Fort Smith facility. The layoffs are expected to begin in November 2008, and there is currently no timetabl…

Whirlpool and LG Electronics agreed to a partial resolution of the patent infringement action that Whirlpool brought against LG in the US International Trade Commission (ITC) in January 2008, a press release by Whirlpool stated.

Whirlpool will consolidate production at two U.S. and Mexican factories. The world’s largest appliance maker said it is shutting plants in Oxford, Mississippi, and Puebla, Mexico. Production of built-in ovens and cooktops at the Mississippi facility will be transferred to a factory in Cleveland, …

Whirlpool announced yesterday that David Szczupak will lead the company’s newly named Global Product Organization effective immediately. Mr. Szczupak succeeds Mike Thieneman, who recently retired from the company. In his role as executive vice president, Global Product Organization, Szczupak will…

The U.S. International Trade Commission (ITC) should terminate Whirlpool ‘s case on two patents asserted against LG Electronics’ advanced freezer drawer features, according to a ruling by ITC Administrative Law Judge Theodore Essex.

Whirlpool and Chinese conglomerate Hisense have formed a joint venture to serve the vast consumer market in China which was announced on Monday. The 50-50 joint venture was formed “for the delivery of new world-class and innovative appliances to consumers in China,” they said in a statement.

Whirlpool has reported a 20 percent drop in first-quarter profit today on declining U.S. sales and rising oil and steel costs, and as a result has cut its full-year earnings outlook.