Published 2 years ago

Whirlpool to exit Russia costing the Michigan company up to $400M

Summary by Ground News

Whirlpool, headquartered in Benton Harbor, plans to sell its Russian operations. The deal includes Whirlpool's manufacturing site in Lipetsk, Russia. The sale is expected to be finalized in the third quarter of 2022. More than 1,000 companies, including some from Michigan, have at least paused operations in Russia.

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Times of India

Whirlpool to exit Russia, take $300 million-$400 million hit in second quarter

The deal, which also includes Whirlpool's sales operations in Kazakhstan and other select countries in Commonwealth of Independent States (CIS), will result in a loss of $300 million to $400 million in the current quarter, the company said in a regulatory filing.

2 years ago·India

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RTÉ

Whirlpool to exit Russia, take $300-400m hit in Q2

Whirlpool has struck a deal to sell its operations in Russia to Turkish appliances maker Arçelik, the US company said today, a move which will see it join a raft of Western firms exiting the sanctions-hit country.

2 years ago·Ireland

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