The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
US and Europe - within Europe, it is known that Neunkirchen in Germany will be adversely affected.
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
5,000 jobs Number of planned job losses
Announcement Date
28 October 2011
Employment effect (start)
Foreseen end date
31 December 2013
Description
Whirlpool, US manufacturer of electrical appliances, has announced 5,000 job cuts in the US and Europe. This represents 10 per cent of the company's global workforce. As part of this restructuring, a factory will be relocated from Neunkirchen in Germany to Poland.
At this time, there is little information on how many of the job losses will occur in Europe.
The job cuts are said to follow weakened demand for Whirlpool's products. Additionally, inflation of material costs is also said to contribute to the need for cost-saving measures.
Sources
28 October 2011: Le Monde
28 October 2011: BBC News Website
Citation
Eurofound (2011), Whirlpool, Internal restructuring in World, factsheet number 72668, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72668.
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