In the wringer now
I write today about a company that has gone under in Iowa this week. By going under, I don't mean that they have shut down and bolted the doors, but you may as well say they have. Net is-- MAYTAG which is owned by Whirlpool Corp. has told 100% of its people that they are out of a job. It will take till the 4th quarter of 2007 to nail all the doors shut, but they will be nailed.
Personally I wouldn't say much about these type of things, but this one is another one that is interesting. You see at one time Maytag was the leader in the washing industry. At the time that they started making their 1st wooden washing machine, they only had a few competitors. They outlast all of the original ones and then went on to build and expand. Soon they were into building all the appliances that every home needed in the kitchen.
They grew till they had thousands of employees and had plants overseas, only to have another firm purchase them outright and close them down. Yep, Whirlpool came along after MAYTAG leaders had driven the stock-price so low, that it was cost effective to purchase your competitor and do away with them. I have to believe that many a golden parachutes were woven into the fabric of this sale.
Now why do I think this is a shame? It is because I truly believe that the people at Maytag who built the stuff, made sure it was the best stuff. Right now we have a radar Range that we purchased at least 20 years ago and it still works like the day we purchased it. We have had their washer and dryers, and we never had issues with them that were related to how they were built. I can't say the same for other brands.
Whirlpool will be selling the Maytag brand in stores, but they units will not be Maytags. They will be a bolted up units of many offshore parts made to function for a few short years. I state it this way as Whirlpool has a plant that can make 5 times the washing machines per hour then the fastest Maytag plant. Kinda makes you wonder why they need to make 5 times the machines. Could it be that they need too.
I guess the lonely Maytag repair-man will be getting a new job soon and he may be a whole lot busier.
As a foot note can you guess what Maytag did before they started to make wooden wash tubs? Keep in mind this was a agricultural area at the time. Give up? I mean have you really given up?
OK So you gave up, and I will have to tell ya! They made machines/parts for threshing machines.
Personally I wouldn't say much about these type of things, but this one is another one that is interesting. You see at one time Maytag was the leader in the washing industry. At the time that they started making their 1st wooden washing machine, they only had a few competitors. They outlast all of the original ones and then went on to build and expand. Soon they were into building all the appliances that every home needed in the kitchen.
They grew till they had thousands of employees and had plants overseas, only to have another firm purchase them outright and close them down. Yep, Whirlpool came along after MAYTAG leaders had driven the stock-price so low, that it was cost effective to purchase your competitor and do away with them. I have to believe that many a golden parachutes were woven into the fabric of this sale.
Now why do I think this is a shame? It is because I truly believe that the people at Maytag who built the stuff, made sure it was the best stuff. Right now we have a radar Range that we purchased at least 20 years ago and it still works like the day we purchased it. We have had their washer and dryers, and we never had issues with them that were related to how they were built. I can't say the same for other brands.
Whirlpool will be selling the Maytag brand in stores, but they units will not be Maytags. They will be a bolted up units of many offshore parts made to function for a few short years. I state it this way as Whirlpool has a plant that can make 5 times the washing machines per hour then the fastest Maytag plant. Kinda makes you wonder why they need to make 5 times the machines. Could it be that they need too.
I guess the lonely Maytag repair-man will be getting a new job soon and he may be a whole lot busier.
As a foot note can you guess what Maytag did before they started to make wooden wash tubs? Keep in mind this was a agricultural area at the time. Give up? I mean have you really given up?
OK So you gave up, and I will have to tell ya! They made machines/parts for threshing machines.
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