Whirlpool to cut 500 EMEA jobs in dryer manufacturing unit
[BENGALURU] Whirlpool Corp said on Tuesday it would restructure its Europe, Middle East and Africa dryer manufacturing operations, and cut about 500 jobs in the region.
The world's No 1 maker of home appliances said production at its Amiens, France, facility would cease in 2018 as part of the restructuring.The company said its Yate, UK, facility would now focus on manufacturing for UK consumers solely, and the production of dryers for non-UK consumer needs would be concentrated in Lodz, Poland.
Whirlpool said it expects to incur about US$88 million in costs related to the restructuring.
The company previously said it expects restructuring charges of up to US$200 million for 2016.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Japan’s Uniqlo opens Rome store as part of European expansion
Abbott beats quarterly profit estimates on strong medical device sales
Adidas shares surpass two-year high as 'terrace' sneaker trend boosts brand heat
LVMH’s first quarter sales growth slips to 3% on luxury slowdown
US Justice Department to file antitrust suit against Live Nation: WSJ
EU set to launch China probe on medical device procurement