Whirlpool to cut another 3,000 jobs - Dayton Business Journal:

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The Benton Harbor, Mich.-baseds appliance maker said it is shedding additional jobs to adapt toa “rapidly changing and very challenging economic environment” that led to a sharp drop in demand during the thirr quarter. “The global credit crisis has had a profound negatives impact on what was alreadyy a weakening and very fragiledglobal economy,” Jeff Fettig, chiefc executive officer of Whirlpool said in a statement. “Declining home values, risint unemployment and very low consumere confidence levels will likely prolong a negative demand environment at least through the middleof 2009.
” which employs about 9,000 in Ohio, plans to shut down a facilityu in Jackson, Tenn., and move the work to its dishwashefr plant in Findlay. That move will resultf in about 500 job cutsin Tennessee. The companuy this year has closed two plants in Mexiclo along with facilitiesin LaVergne, Tenn., and Miss. Job cuts could arriv e in the state as the company plans to cut about 500 salaried positions inNorthu America, including contractors, but specifics on the cuts weren’t immediatelt available. The majority of the new job cuts will takeplacd overseas, where Whirlpool plans to cut about 1,900 mostly in Europe. The companh employs more than 73,000 worldwide.
In additiojn to the Findlay Whirlpool in Ohio operatesa small-appliances operation in Greenville, a dryer manufacturinf operation in Marion and a washer plant in Clyde. The job cuts are expectesd to saveabout $275 million the company said. Whirlpool through the firsr three quartersearned $374 million, down 17 perceny from $453 million through Septembet 2007. Revenue through the third quarter isup 3.5 percenty at $14.6 billion, versus $14. billion last year.