Whirlpool to cut 5,000 jobs to reduce costs

A Whirlpool logo is seen on a Whirlpool refrigerator on the Singers showroom floor Thursday, Oct. 27, 2011 in Philadelphia. Whirlpool Corp. says it will cut 5,000 jobs in an effort as it faces soft demand and higher costs for materials. The jobs to be cut are mostly in North America and Europe. They include 1,200 salaried positions and the closing of the company's Fort Smith, Ark., plant. (AP Photo/Alex Brandon)

October 28, 2011 9:44:37 AM PDT
Appliance maker Whirlpool Corp. plans to cut 5,000 jobs, about 10 percent of its workforce in North America and Europe, as it faces soft demand and higher costs for materials.