Almo Appliances

LAYOFFS: Sub-Zero/Wolf Again?

Submitted by advisor on Fri, 02/27/2009 - 4:17pm.

The Capital Times reports that Sub-Zero/Wolf is laying off up to 350 positions on or after May 1.  This layoff follows 79 layoffs in January. 
Back in May 2008, Sub-Zero promised to layoff 235 positions, but only cut 43 salaried positions.
It's not that easy to tell if this is a new layoff or the re-activation of an old layoff.  SZ/Wolf has gone a long way in the last 12 months to communicate to its workforce the precarious nature of their continued employment.  We hope they have tucked away a nest egg.

The best reporting on this will come when Madisonians start commenting on the Capital Times website.  Stay tuned.

UPDATE Feb 28:  Capital Times Forums

‹ LAYOFFS: GE's Appliance ParkupLetter to the President: Exclusive ›
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Sub Zero layoffs

Submitted by Appliancecarguy on Mon, 03/02/2009 - 9:27pm.

Well, as we all know, the high end appliances business is way down and so it shouldn't come as a surprise that even the top brands are hurting.  Don't look for any improvement any time during 2009!

Genius

Submitted by Appliance Stallion on Sat, 02/28/2009 - 7:04pm.

Exhalted one. Would you have them continue to build product with no orders ? I guess that would be supply side economics. That will work !!!!