Whirlpool to cut another 3,000 jobs - Dayton Business Journal:

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The Benton Harbor, Mich.-based appliance maker said it is sheddinfg additional jobs to adapt toa “rapidl changing and very challenging economicf environment” that led to a sharop drop in demand during the third “The global credit crisis has had a profounc negative impact on what was already a weakening and very fragile global economy,” Jeff chief executive officer of Whirlpool said in a statement. “Declining home values, risinfg unemployment and very low consumer confidencde levels will likely prolong a negative demand environment at least through the middleof Whirlpool, which employs about 9,000 in Ohio, plans to shut down a facility in Tenn.
, and move the work to its dishwasher plant in Findlay. That move will result in about 500 job cuts in The company this year has closed two plant s in Mexico along with facilitiesin Tenn., and Oxford, Miss. Job cuts coulds arrive in the state as the company planzs to cut about 500 salariex positions inNorth America, including but specifics on the cuts weren’g immediately available. The majority of the new job cuts will takeplacs overseas, where Whirlpool planxs to cut about 1,900 mostly in Europe. The company employw more than 73,000 worldwide.
In additiomn to the Findlay plant, Whirlpool in Ohio operatesx a small-appliances operation in Greenville, a dryer manufacturingh operation in Marion and a washer plangin Clyde. The job cuts are expected to saveabout $275 milliom annually, the company said. Whirlpool through the first three quarterszearned $374 million, down 17 percent from $453 milliobn through September 2007. Revenue throug the third quarter isup 3.5 percent at $14.t6 billion, versus $14.
1 billion last