BUSINESS BRIEFS
GRAND RAPIDS, Mich. — Whirlpool Corp. said Tuesday it will cut about 5,000 jobs by the end of 2009 because of the global credit crisis and its expectation for continued reduced demand in North America and Europe.
The moves will bring more work to a Whirlpool plant in Ohio.
The nation's largest home appliance maker also reported that its earnings fell 7 percent during the third quarter on lower unit volumes and higher material costs. Whirlpool lowered its earnings outlook for the year.
"The global credit crisis has had a profound negative impact on what was already a weakening and very fragile global economy," Jeff Fettig, chairman and chief executive, said in a news release. "Declining home values, rising unemployment and very low consumer confidence levels will likely prolong a negative demand environment at least through the middle of 2009."
The job cuts include positions being eliminated from plant closings that the company already announced this year along with new reductions taking place now and through the end of next year. Whirlpool, whose brands include Maytag, KitchenAid and Jenn-Air, said it has 73,000 employees worldwide.
GROVE CITY — The Terra Nova House Bed and Breakfast here has been selected as one of the top 12 inns worldwide in the best of BedandBreakfast.com awards for 2008 and 2009.The awards are based on a review of 50,000 independent reviews sent to the Web site.
VANDERGRIFT — A union says 150 workers at a Western Pennsylvania window plant are losing their jobs.The union for workers at Kensington Windows in Vandergrift says the workers got a letter telling them not to report for work Monday. The plant is about 35 miles northeast of Pittsburgh.The plant is owned by Jancor Co. of Ohio, which says only that workers will get more information when it is available.KDKA-TV is reporting that a letter on the door of the plant says the company regrets this action but Kensington hasn't been able to get the financing needed to stay in business.
PITTSBURGH — The University of Pittsburgh Medical Center is laying off 500 workers, mostly nonclinical managers and administrators.The Pittsburgh-based hospital and health care network has about 50,000 workers, so the cuts amount to 1 percent of its work force.UPMC says it plans to hire about 3,000 new employees this year and says it will hold a news conference Friday to discuss its finances. In a statement, the company says it remains "financially strong and well-prepared to thrive in this challenging environment."The company says the cuts will help it weather a worsening economy.
