Layoffs
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These layoffs at Whirlpool in Iowa aren't the result of the tariffs, but it certainly does make one wonder. How many companies will bring manufacturing back to the US?
Des Moines Register:
Whirlpool Corp. will lay off 651 workers from its Amana manufacturing facility effective June 1.
The company cites reduced consumer demand for its refrigeration products as the reason for the layoffs.
Iowa Senate Democratic Leader Janice Weiner blames Republican policies for economic turmoil and criticizes cuts to unemployment compensation.
Whirlpool CEO Marc Bitzer stated in January that the company would seek to cut costs and prepare for a housing market recovery.
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Whirlpool CEO Marc Bitzer stated in January that the company would seek to cut costs and prepare for a housing market recovery
Housing market recovery?