Whirlpool Axes Guidance, 5K Jobs Due to 'Recessionary' Demand
By Matt Egan
Published October 28, 2011
| FOXBusiness
Whirlpool (NYSE:WHR) posted a third-quarter earnings dud and slashed its full-year outlook on Friday, prompting the world’s largest appliance maker to announce plans to axe about 5,000 jobs amid “recessionaryâ€Quote:
Whirlpool also said it will close its manufacturing facility in Forth Smith, Ark. by mid-2012.