PRESS RELEASE
WHIRLPOOL CORPORATION ANNOUNCES PLAN
TO INTEGRATE ADMINISTRATIVE FUNCTIONS IN ITALY
Comerio (VA), May 20th, 2015 - With the acquisition of Indesit, Whirlpool Corporation has doubled its scale in the
Europe Middle East and Africa (EMEA) region and now has a unique opportunity to create a company capable of
competing in the market for the decades to come, and to continue to create value for our employees, our consumers,
trade customers, suppliers and shareholders. The acquisition has
has also resulted in duplication of some roles. These
duplications are being addressed in order to ensure an efficient and effective organization.
After the presentation of the Italian Industrial and Research & Development plan, we are now announcing the
integration of the administrative functions and are completing the re-organization
re organization of our Italian activities.
The plan foresees redundancies of 480 salaried employees in Italy. The impact of the reduction on the individual
locations is as follows:
● 200 roles in Fabriano,, on top of the 35 already announced in Research & Development;
● 200 roles in the Varese area (Varese and Cassinetta), in addition to the 75 already announced in Research &
Development;
● 80 roles in Milan.
Along with the approach taken so far in this integration process, and in line with what was announced in Italy’s
Industrial plan, the Company confirms its availability not to proceed with “unilateral dismissals until the end of 2018”
also for salaried employees.
A sustainable organization will
ill be created by assigning well defined accountabilities to each location. At the same time
it will maintain a multi-regional
regional setup and preserve salaried presence in the regions where we have administrative
centers, leveraging on best competences and skills.
skil
Functions will be based as follows:
● Cassinetta will host Supply Chain; Central Manufacturing; Procurement; Research & Development; support in
Finance, Human Resources; Global Information Systems;
● Comerio will host the Leadership Team; Product & Brand Marketing; European Sales; Finance; Human
Resources; Legal; Strategic Planning; Commercial part of Market Italy; supportt in Global Information Systems;
● Fabriano will host Consumer Service & Quality;
Quali Global Information Systems; Research & Development;
Development the
majority of Market Italy; part of Procurement;
Procurement; support in Finance, Human Resources and Legal.
In this context we are also evaluating the sustainability of our Comerio and Milano buildings and we are exploring
alternative facilities within the Milano-Varese
Varese area. More details will be shared on the
the matter as soon as a decision is
taken.
***
About Whirlpool Europe, Middle East & Africa (EMEA)
With approximately 26,000 employees, a sales presence in more than 30 countries in Europe, Middle East and Africa and
manufacturing sites in nine countries, Whirlpool EMEA is an operating segment of Whirlpool Corporation. Whirlpool Corporation is
the number one major appliance manufacturer in the world, with approximately $20 billion in annual sales, 100,000 employees and
70 manufacturing and technology research centers throughout the world in 2014. The company markets Whirlpool, KitchenAid,
Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air, Indesit and other major brand names in more than 170 countries.
Whirlpool Corp.’s European Operations Center is located in Comerio (VA), Italy. Additional information about the company can be
found at WhirlpoolCorp.com.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this press release relating to the salaried employee reorganization and the anticipated actions and benefits pursuant to such plan constitute
“forward-looking statements” within the meaning of the federal securities laws. These statements reflect management’s current expectations regarding future
events and speak only as of the date of this press release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of
future performance and will not necessarily be accurate indications of whether or not, or the times at or by which, events will occur. Actual performance may differ
materially from that expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include,
among other things, the risk that the Company will not be able to implement these actions in whole or in part and that expected synergies will not be realized. In
addition to these risks, reference should also be made to the factors discussed under “Risk Factors” in Whirlpool Corporation’s periodic filings with the Securities and
Exchange Commission. Although the forward-looking statements contained in this press release are based upon what are believed to be reasonable assumptions,
investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. These forward-looking
statements are made as of the date of this press release and, except as expressly required by applicable law, Whirlpool Corporation assumes no obligation to update
or revise them to reflect new events or circumstances.
Per ulteriori informazioni:
Pierre Yves Ley // +39 335 7277266 //pierre_ley@whirlpool.com
Luca Sabia // +39 348 0249817 //lsabia@apcoworldwide.com
Marco Calini //+39 339 1544973//mcalini@eoipso.it