Friday, October 28, 2011

Maytag To Cut 5,000 -- Absolutely Nothing to Do With the Bakken

Link here.
Whirlpool Corp, the world's largest appliance maker, slashed its profit forecast for the year and said it would cut 5,000 jobs, citing a weak global economic environment.
This is 2.5 times more than what Lowe's plans to cut, announced earlier this month. 

Both of these cuts pale in comparison to Bank of America's plan to slash 40,000 jobs nationwide and 120,000 at the US Postal Service announced earlier this year.

Folks in western North Dakota are very, very fortunate. 

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