Whirlpool Layoffs Job Cut: fires 5000 employees: Finance Trading Times

Whirlpool Layoffs Job Cut: fires 5000 employees

The news is from Whirlpool or, which is the largest home appliance maker of USA, is reported to be going for layoffs. The news is not good for the employees of the Whirlpool as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. Whirlpool Logo
How many employees may be fired in the Whirlpool layoffs?
As per the reports, there are going to be 5000 job cuts by Whirlpool.

What is the total no. of employees of Whirlpool UK?
The total no. of employees of Whirlpool is 80,000 as of now.

What will be the cost and savings by Whirlpool layoffs?
$275 million per year is expected to be saved.

When will the Whirlpool layoffs happen?
The layoffs are for 2009, so no concrete date is available. Some of the layoffs have emerged because of the several plant closures, so many positions are already closed.

Which locations and department of employees will be affected by the Whirlpool layoffs ?
Whirlpool is on a closing spree - closing plants and jobs. As per AZCentral, 4 plants in LaVergne, Tenn.; Oxford, Miss.; Puebla, Mexico; and Reynosa, Mexico have closed which accounted for 2000 jobs. 500 jobs will go after plant closure at Jackson, Tenn. Another 500 jobs will be cut in America, while 1900 will loose jobs in Europe and other places.

What is the primary reasons for Whirlpool layoffs?
It's all about the worsening market situation, economy, declining sales and no clear site of future revival. The company is also increasing the prices of its products in many markets because of the high cost of raw material.

Any other news about Whirlpool layoffs
As per AZCentral, Whirlpool had more than 80,000 employees after acquiring Maytag Corp. in March 2006 in a $1.8 billion deal.
Let's hope that alternative jobs are available to the affected employees of Whirlpool Layoffs Job Cut
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