Whirlpool

Whirlpool which has a market capitalisation of about US$4.8 billion has been undergoing a major restructuring in recent years

WHIRLPOOL, the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.

Whirlpool said on Tuesday (Feb 20) it has executed a sale of 24 per cent of its stake in its India unit for about US$468 million.

WHIRLPOOL’s third-quarter results surpassed analysts’ estimates as strength in North America helped buoy results, offsetting weakness in Europe and Asia. The shares fell, however, after the Maytag own...

WHIRLPOOL is seeing demand for discretionary items such as appliances stabilise as consumers get used to higher mortgage rates and a shaky housing market.

WHIRLPOOL agreed to sell the entirety of its Russian operations to Arcelik for deferred payments of as much as 220 million euros (S$321.2 million) over 10 years.