Wednesday, October 29, 2008

Whirlpool Jobs Go Down the Drain

Hear the sucking sound?

"Confidence drop raises fears of spending collapse" by Bloomberg News | October 29, 2008

WASHINGTON - US consumer confidence fell to the lowest level on record in October as stocks plunged and banks shut off credit, raising the risk spending will collapse.

Whirlpool Corp., the world's largest appliance maker, said yesterday it will cut 5,000 jobs."