Originally Posted by
ducknwork
Oddly enough, that job hunt is going to get started a tad sooner than I thought. We had a meeting today and they announced that the plant will be closing down in April.:(
I guess I'll be dipping into my emergency fund and getting me some of that Obama money while I'm at it!;)
They told us that they cannot make the product profitable enough to remain open. The Korean companies (LG, Samsung, Kenmore) own 70% of the US market, leaving 30% for the rest of us, including the big guys, like Maytag and Whirlpool. They aren't shipping our jobs overseas, just getting out of the market because we can't compete with cheap overseas labor. Something just doesn't seem right about that...