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Whirlpool rewarding its Michigan employees with layoffs after tariffs and corporate tax cuts
Posted by: slipping jimmy (a.k.a mickpix) on Feb 01, 20:27
Whirlpool rewarding its Michigan employees with layoffs after tariffs and corporate tax cuts
slipping jimmy
Feb 01, 20:27
Apple will use its $163b cash balance for stock buybacks and dividends (sorry job-seekers!)
slipping jimmy
Feb 01, 23:35
This one hurts, as it’s my town. WP employees are a huge chunk of our business, plus everyone has a family member who works there
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islndr
Feb 02, 06:35
Exactly why tariff was needed. Whirlpool cost cutting due to previous poor performance. They believe tariff will help them rebound. .
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PhoneHome
Feb 02, 06:50
except not really. 4Q revenue of 5.66B (more than forecast), profit of $180M. But it shows the sham of marketplace: because per share
islndr
Feb 02, 07:05
Whirlpool has not participated in Trump Mkt. Dow up 31% since 12/1/16. Whirlpool slightly down to even. Poor performance relative to market.
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PhoneHome
Feb 02, 07:19
ok, yes as i looked closer. (article i had was more about growth right after election. wp was up nicely until downturn late summer)
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islndr
Feb 02, 07:32
Regardless, you get winners and lowers out of tariffs, and the losers always outweigh the winners.
RogerMore
Feb 02, 08:03
Your town has a right to be frustrated though. Hopefully, the tariff will help. My point was to Jimmy-intimating nonexistent cause & effect.
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PhoneHome
Feb 02, 09:50
