Whirlpool saw its profits more than double over the last 3 months, but it's hanging American workers out to dry. The appliance maker is closing its Ft. Smith Arkansas plant, and that means nearly 1,000 people will lose their jobs.
Whirlpool more than doubled its profits, but it's hanging American workers out to dry. The appliance maker is closing its Ft. Smith Arkansas plant, and that means nearly 1,000 people will lose their jobs.
At the same time the maker of Maytag and Kitchen Aid appliances is washing its hands of its American workforce, its third quarter profits more than doubled from $77 million to $177 million, and its revenues rose, too, to $4.63 billion, with a "b."
But apparently that's not enough to pay the Americans whose hard work and loyalty helped build Whirlpool into the world's largest appliance maker.
Whirlpool CEO Jeff Fettig went into spin cycle, blaming
the failure to meet the expectations of Wall Street bean counters on the recession and higher prices for steel and copper.
Fettig exhibited all the warmth of an ice cube tray, lacking the common human decency to acknowledge he was talking about people let alone say thank you to the loyal workers he was dumping down the garbage disposal. Using the antiseptic vocabulary Adolph Eichmann would be proud of, referred to his extermination of jobs as "capacity reduction."