BRIEF-Whirlpool Announces Restructuring Actions Related To Embraco Compressor Business | Reuters

Reuters| Wed Jan 10 04:38:58 EST 2018
Jan 10 (Reuters) - Whirlpool Corp: * WHIRLPOOL CORP - ON JAN 10, 2018, CO ANNOUNCED CERTAIN RESTRUCTURING ACTIONS RELATED TO STREAMLINING OPERATIONS IN ITS EMBRACO COMPRESSOR BUSINESS * WHIRLPOOL -RESTRUCTURING ACTIONS TO RESULT IN CEASING OPERATIONS AND ENDING PRODUCTION AT EMBRACO‘S RIVA PRESSO CHIERI, ITALY FACILITY IN 2018 * WHIRLPOOL CORP - COMPANY CURRENTLY ANTICIPATES THAT APPROXIMATELY 500 POSITIONS WOULD BE IMPACTED BY THESE ACTIONS * WHIRLPOOL-ESTIMATES WILL INCUR UP TO ABOUT $50 MILLION IN EMPLOYEE-RELATED COSTS,ABOUT $25 MILLION IN ASSET IMPAIRMENT COSTS IN CONNECTION WITH RESTRUCTURING * WHIRLPOOL CORP - ‍ EXPECTS RESTRUCTURING ACTIONS TO BE SUBSTANTIALLY COMPLETE IN 2018 - SEC ..

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