|
Thread Number: 3923
Maytag coming to an end :-( |
[Down to Last] |  |
| Post# 93070 11/9/2005 at 14:52 (6,732 days old) by kenmore80 () | ||
|
hey everyone...thats right the maytag company is no longer making anymore appliances beginning sometime next year.thats what i saw in the paper the other day, i hope it's not true.anyways take care all. | ||
|
| Post# 93071 , Reply# 1 11/9/2005 at 15:09 (6,732 days old) by peterh770 (Marietta, GA) | ||
 | ||
| Post# 93072 , Reply# 2 11/9/2005 at 15:10 (6,732 days old) by peterh770 (Marietta, GA) | ||
|
But this article says they will still be manufacturing in Mexico...
CLICK HERE TO GO TO peterh770's LINK | ||
| Post# 93073 , Reply# 3 11/9/2005 at 15:13 (6,732 days old) by cybrvanr () | ||
|
That's a big plant down there too. Pretty modern and high tech. Sorry to see that go. I pass this plant on the way to my customers in Columbia and Charleston | ||
| Post# 93074 , Reply# 4 11/9/2005 at 15:16 (6,732 days old) by peterh770 (Marietta, GA) | ||
|
| ||
| Post# 93078 , Reply# 5 11/9/2005 at 15:53 (6,732 days old) by hoover1060 () | ||
|
Lets hope That Whirlpool is able to help Maytag get their S**T together. Its very sad to see so many plants closing and such. | ||
Post# 93162 , Reply# 6 11/9/2005 at 23:11 (6,732 days old) by arrrooohhh  (Sydney Australia) |
||
|
Neptune TL's Does this mean that there wont be any Maytag Neptune TL's manufactured anymore? That is so sad as it was the most interesting looking top loader both inside and out in ages. Guess we wont be seeing it in Australia now :( | ||
| Post# 93168 , Reply# 7 11/9/2005 at 23:41 (6,732 days old) by kenmorepeter5 () | ||
|
Closing? Is that both of Maytag and Whirlpool ? And will the factory open by next year of 2006? - Peter (kenmorepeter5) | ||
| Post# 93169 , Reply# 8 11/9/2005 at 23:42 (6,732 days old) by kenmorepeter5 () | ||
|
Closing? Is that both of Maytag and Whirlpool ? And will the factory open by next year of 2006? - Peter (kenmorepeter5) | ||
| Post# 93171 , Reply# 9 11/10/2005 at 00:17 (6,732 days old) by kenmore80 () | ||
|
maytag company closing the company won't be closing till next year.but yes no more neptune TL or FL..... i'm kinda bummed about it,so let's hope for the best | ||
| Post# 93217 , Reply# 11 11/10/2005 at 09:33 (6,731 days old) by runematic (southcentral pa) | ||
I just received a letter from Maytag this a.m. stating that they will be discontinuing the Neptune TL machines (now both models instead of just the 9800) early next year. They will continue to build the FL machines in Newton (until they decide to ax this plant as well) & purchase the other FL's from the Koreans.
| ||
|
Post# 93388 , Reply# 13 11/11/2005 at 08:01 (6,730 days old) by gansky1 (Omaha, The Home of the TV Dinner!) |
||
Third quarter losses were $18.2 million and they are borrowing $650 million to continue operations this quarter which will allow them to continue some restructuring (plant closures and consolidations, sourcing products, product redesign) to increase profits lost to high production costs. The Hoover plant in Ohio is planned to close in July and move to the southwest and the Newton factory that employs less than 1000 now, their highest cost facility, will probably be on the block very soon. Product sourcing and redesign...hmmmmmm. | ||
|
Post# 93390 , Reply# 14 11/11/2005 at 08:10 (6,730 days old) by swestoyz (Cedar Falls, IA) |
||
 | ||
|
Post# 93559 , Reply# 18 11/12/2005 at 07:49 (6,729 days old) by toggleswitch (New York City, NY) |
||
Brought back to life on the on the operating table.  | ||
|
Post# 93572 , Reply# 19 11/12/2005 at 08:49 (6,729 days old) by gansky1 (Omaha, The Home of the TV Dinner!) |
||
|
I doubt WP would have risked tens of millions of dollars on a takeover bid for Maytag if they weren't resonably sure it would go through. Maytag's board of directors wouldn't have approved a deal that had no chance regulatory approval either. WP probably has a plan in development or more likely, finished for the takeover and absorption of Maytag into their system. If, for whatever reason, in this current government administration that is corporate friendly almost to a fault, the merger wouldn't be approved, Maytag won't be helped much by a $130 million payoff if they are stuck and bleeding as bad as they are. In that case, the stock would take a drastic fall in value, their credit rating and borrowing capability would be almost non-existant, ripe for a foreign grab at the brand name. The board of directors would parachute out with a grab and run at the first bid for Maytag that will make the looting in New Orleans look like kindergarten. One way or another, the founder's Maytag is now a part of history. The names may go on, but the writing is on the wall...
| ||
| Forum Index: |
| Other Forums: |
|
|
|
|
|
Comes to the Rescue!
