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A bit of perspective on Whirlpool's (WHR) 5K job cuts - it's 10% of the company's workforce. The...

A bit of perspective on Whirlpool's (WHR) 5K job cuts - it's 10% of the company's workforce. The CEO cites "recessionary demand levels in developed countries, a slowdown in emerging markets, and high levels of inflation and material costs." Shares -12.4% premarket.
Comments (1)
  • Hubert Biagi
    , contributor
    Comments (703) | Send Message
     
    Unfortunately, South Korea sells better appliances for the same price, ie, Samsung and LG. Soon, they will sell better cars than Honda or Toyota. The Koreans are incredibly industrious and very talented people, who have been oppressed by China and Japan for centuries. Along with other Asian countries like Vietnam, these former battlegrounds 50 years later are now embracing the values we fought for, while here in America, we are busy protesting against these values and demonizing corporate success. Instead, we demand redistribution, like the communist regimes we battled. Ironic, isn't it?
    28 Oct 2011, 09:31 AM Reply Like
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