Whirlpool made the surprise announcement that the company will be shifting to “a more simplified and focused business model as part of its ongoing portfolio transformation.”
The company confirmed in a prepared statement that the transformation includes job cuts.
Job elimination discussions were said to have commenced this morning. Monday’s focus is apparently looking at reorganizing the top layers of the company and select areas of work.No word yet on the number of job cuts associated with the announcement
Tag Archives: Whirlpool
New Whirlpool chief Executive
Whirlpool Corporation has appointed Richard J. Kramer, former chairman, chief executive officer and president of The Goodyear Tire & Rubber Company, to the Board of Directors: he will serve on the corporate governance and nominating committee and the human resources committee.
Whirlpool Partners With BORA To Bring Induction Downdraft To US Market
Whirlpool announced they are joining forces with cooktop downdraft specialist BORA to introduce an induction downdraft cooktop line into the North American market. The news, announced on the eve of kitchen industry’s annual trade show in the Las Vegas, marks the first time a major appliance company has targeted an induction downdraft appliance lineup for the US and Canada.
The announcement comes at a time when induction cooking is starting to finally make inroads stateside. America’s love affair with gas cooktops have kept US adoption of the technology lagging behind that of Europe and other regions, but the design appeal, health benefits, and a slow but steady spread of local restrictions around gas cooktops in new build construction (even as some of these restrictions have been overturned) have led to an uptick in adoption of a technology introduced almost a century ago.According to Whirlpool, the new induction downdraft enabled cooktops will be available in the JennAir and KitchenAid brands in North America starting in the second half of 2025
Whirlpool sells 24% of Indian subsidiary
Whirlpool corporation is selling a 24% stake in its subsidiary Whirlpool of India to various investors. The goal is to raise $451 million. The operation was officially announced last November and is part of the debt and invested capital reduction strategy which also led to the disengagement from EuropeWhirlpool of India sees its leadership position on the Indian white goods market undermined by competition, especially Korean competition, and closed its financial statements in December with a loss for the sixth consecutive quarter. The Indian stock market, on the other hand, is at historically very high levels. To be precise, Whirlpool Corp has put 19 million shares on the market and hopes to place another 11 million while remaining the controlling shareholder.
Maurizio Sberna leaves Whirlpool
Maurizio David Sberna leaves the role of Senior Director Communications, CSR & Government Relations for Europe, Middle East, Africa of Whirlpool Corporation. With the de facto green light from the English Antitrust, Sberna’s work, which arrived in Whirlpool EMEA three years ago, has come to an end: the sale of Whirlpool’s European activities to the new majority-owned company of Arçelik no longer fears obstacles.
Whirlpool included in the S&P Global Sustainability Yearbook
Whirlpool Corporation has been included in the S&P Global Sustainability Yearbook 2024 based on the company’s commitment to sustainability and transparent communication of progress. The Yearbook is based on S&P Global’s Corporate Sustainability Assessment, a resource for corporate sustainability performance. Of 9,400 companies invited, Whirlpool is the only U.S. based appliance manufacturer to be included in the yearbook in the Household Durables category
UK competition watchdog clears Arcelik’s European deal with Whirlpool
Britain’s antitrust regulator provisionally cleared Turkish domestic appliances maker Arcelik’s opens new tab proposed purchase of Whirlpool’s opens new tab appliances business in Europe on Thursday.
The Competition and Markets Authority (CMA) said the deal was unlikely to reduce competition in the market for domestic appliances including washing machines, dishwashers and cooking appliances.
The deal, which would see Whirlpool and Arcelik’s European businesses fold into a new company, was approved by EU antitrust regulators in October.
Whirlpool winner
Whirlpool Corporation has been recognized with two important awards in Spain and Portugal for 2024.
In Portugal, Whirlpool is the #1 Consumer Choice for washing machines and hobs, while also securing second place in the Good Choice Awards for dishwashers.
In Spain, induction hobs with Clean Protect were crowned Product of the Year 2024 – the 7th consecutive year that Whirlpool products have been recognized.
CES 2024 Whirlpool unveils the SlimTech Insulation Technology
Whirlpool Corporation unveils SlimTech, the VIS (vacuum insulated structure) technology for refrigerators. “SlimTech Insulation Technology at CES – the company says – starts with a proprietary, highly porous powder blend. That powder is vacuum-sealed within the door or sides of the refrigerator itself, removing the need for bulky polyurethane foam insulation and reducing the wall thickness by up to 66% – allowing for up to 25% more capacity inside the refrigerator. This technology will make its debut later this year on the doors of select JennAir luxury 30 in. SlimTech Insulation Column refrigerators, and will roll out more broadly in KitchenAid refrigerators in the future, utilizing the technology for the entire structure”. The SlimTech Insulation Technology also unlocks the potential for more discreet refrigeration spaces that could be seamlessly brought to other rooms of the house or be contained within other pieces of furniture. In addition to design and capacity benefits, the material used has the potential to be recycled, reducing the overall environmental impact of refrigerators.
WHIRLPOOL CORPORATION NAMED TO 2023 DOW JONES SUSTAINABILITY
Whirlpool Corporation announced that it has been named to the 2023 Dow Jones Sustainability World Index (DJSI) in recognition of the company’s dedication to responsible and ethical business practices. This marks the second consecutive year Whirlpool Corp. has been named to the World Index. The company is also on the North America Index for the 17th year.
“For 112 years we have held ourselves to the highest ethical standards in our business operations, and we are proud of our long history of purposeful innovation, sustainable operations and local community engagement,” said Marc Bitzer, chairman and CEO of Whirlpool Corporation. “Receiving this recognition once again validates the efforts of our thousands of employees and their dedication to our vision of improving life at home.”Whirlpool Corp. advanced its environmental, social and governance (ESG) strategy, reaching Zero Waste to Landfill (ZWtL) gold or platinum level at 100% of its large global manufacturing sites in 2022, a goal set in 2012.
In a statement, the company explained that Zero Waste to Landfill is part of the company’s ongoing commitment to World Class Manufacturing, the foundation for the company’s sustainable manufacturing journey. Whirlpool Corp. continues to invest in plant efficiency and waste reduction by working closely with recycling and sustainability organizations to find new, innovative ways to eliminate waste and contribute to the circular economy.
WHITEGOODSNOW 