LAYOFFS: Whirlpool Closes Two Off-Shore Factories
Submitted by advisor on Sat, 07/12/2008 - 3:21pm.
Whirlpool is closing factories at two off-shore locations, at Puebla, Mexico and Oxford, Mississippi. Puebla production is consolidating into Whirlpool's Celaya, Mexico plant. Oxford production is shifting to Whirlpool's Cleveland, Tennessee plant.
1) The press release doesn't get into the details, but it doesn't take a rocket scientist to see what's driving the firing of 750 Oxford employees and the hiring of 500 new people in Cleveland. The economic slowdown has put gobs of slack in Whirlpool's Oxford AND Cleveland production....about 250 gobs. Consolidation improves plant and employee utilization.....and saves, by our backass estimate, about $7.5 million....assuming we have the currency conversion correct.
2) To my dear friends at Northland and Marvel: This is how you close a factory.
Read what the mayor of Oxford has to say about Whirlpool: Clarion-Ledger.
Compare this to what was said by Richmond, Indiana officials when Marvel announced closure of their factory in May 2008. Click
