Whirlpool To Layoff 730 Employees In Tennessee
RTTNews) - As part of the company's ongoing comprehensive worldwide plan to strengthen and extend marketplace position, Whirlpool Corp. on Thursday, announced changes to its air control and cooking platforms in North America. The changes will result in the elimination of 730 jobs at two of its plants that manufacture dehumidifiers and air purifiers and cooking ranges in Tennessee.
Whirlpool, the world's largest appliance maker is negotiating a licensing agreement with potential global partners to manufacture, market and distribute air control products that will carry the Whirlpool brand name. The company remains optimistic that the ongoing global initiative will bring new opportunities for the Whirlpool brand presence in air control.
Benton Harbor, Michigan-based Whirlpool will wind up its LaVergne, Tennessee manufacturing facility, which manufactures dehumidifiers and air purifiers after the 2007 air control season. Following the phase-out, about 330 jobs will be eliminated.
The company said that it would fulfill all consumer requirements for the 2007 air control season before production goes on the wane at the LaVergne plant. Beginning next year, Whirlpool will expand product offerings and increase services through the new provider.
The company is also optimizing production capacity and adjusting its workforce levels to optimize production capabilities within its cooking manufacturing facilities and platforms in North America. As part of its comprehensive worldwide plan, Whirlpool will move its single cavity freestanding range units built at Cleveland, Tennessee manufacturing facility to Whirlpool manufacturing locations in Tulsa, Oklahoma and Celaya, Mexico.
The relocation will result in the layoff of approximately 400 positions at the Cleveland site by the end of 2008, mainly through normal attrition and the reduction of temporary positions. The company said that it has not yet decided on the number of jobs to be created at Tulsa and Celaya.
Commenting on the changeover, Marise Kumar, Whirlpool vice president, Business Strategy and Core Competencies said, "This future transition will offer our customers expanded product offerings and services."
WHR is currently down $1.35 or 1.21% trading at $110.42 on a volume of 157,600 shares.
Whirlpool, the world's largest appliance maker is negotiating a licensing agreement with potential global partners to manufacture, market and distribute air control products that will carry the Whirlpool brand name. The company remains optimistic that the ongoing global initiative will bring new opportunities for the Whirlpool brand presence in air control.
Benton Harbor, Michigan-based Whirlpool will wind up its LaVergne, Tennessee manufacturing facility, which manufactures dehumidifiers and air purifiers after the 2007 air control season. Following the phase-out, about 330 jobs will be eliminated.
The company said that it would fulfill all consumer requirements for the 2007 air control season before production goes on the wane at the LaVergne plant. Beginning next year, Whirlpool will expand product offerings and increase services through the new provider.
The company is also optimizing production capacity and adjusting its workforce levels to optimize production capabilities within its cooking manufacturing facilities and platforms in North America. As part of its comprehensive worldwide plan, Whirlpool will move its single cavity freestanding range units built at Cleveland, Tennessee manufacturing facility to Whirlpool manufacturing locations in Tulsa, Oklahoma and Celaya, Mexico.
The relocation will result in the layoff of approximately 400 positions at the Cleveland site by the end of 2008, mainly through normal attrition and the reduction of temporary positions. The company said that it has not yet decided on the number of jobs to be created at Tulsa and Celaya.
Commenting on the changeover, Marise Kumar, Whirlpool vice president, Business Strategy and Core Competencies said, "This future transition will offer our customers expanded product offerings and services."
WHR is currently down $1.35 or 1.21% trading at $110.42 on a volume of 157,600 shares.
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