Whirlpool to invest EUR 500 million in Italian operations

The company has announced it's industrial plans for Italy which focuses on achieving a long-term, sustainable business for Whirlpool in the EMEA region, and specifically in Italy. The plan aims at improving efficiencies and capacity utilisation and integrating its manufacturing operations in the country. The EUR 500 million of investment in process, product and R&D in Italy will span the next four years. A large portion of this investment will be targeted at developing a specialised and efficient network of factories and product platforms, while at the same time increasing the current volumes of production based in Italy. However, the company has also announced additional redundancies to those already existing at the moment. Whirlpool estimates further redundancies of 250 factory employees and 150 R&D-staff.