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Published 10 days ago

Report: Whirlpool to cut 1,000 jobs

Summary by Wood TV

GRAND RAPIDS, Mich. (WOOD) — Whirlpool Corp. is expected to cut approximately 1,000 salaried jobs while appliance demand wanes. According to Bloomberg, the first round of layoffs targeted office staff and a second round is expected soon. The company saw its stock take a hit in the wake of the news. Shares were down more than 11% as of Thursday morning. The stock value is down nearly 30% over the last year. Chief Financial Officer Jim Peters told…

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Report: Whirlpool to cut 1,000 jobs

GRAND RAPIDS, Mich. (WOOD) — Whirlpool Corp. is expected to cut approximately 1,000 salaried jobs while appliance demand wanes. According to Bloomberg, the first round of layoffs targeted office staff and a second round is expected soon. The company saw its stock take a hit in the wake of the news. Shares were down more than 11% as of Thursday morning. The stock value is down nearly 30% over the last year. Chief Financial Officer Jim Peters told…

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