Quite few pension funds are underfunded, not just Maytag.
IIRC it has something to do with the face many companies with pension plans switched from investing mainly in bonds to stocks. During the "tech boom" this was fine as high stock prices allowed companies to put less of their own money into the funds. When the stock boom ended, companies were left to pick up the difference.
Also, IIRC Newton is called by Maytag one of, if not the highest cost plant it operates. Everything from labour on down costs more, so appliances produced in that plant are "uncompetitive" with Maytag's competitors. Maytag has been trying to cut costs, and that may have been one of the reasons for the strike at the Newton plant last year.
For what ever reason, wouldn't surprise me if less and less is made by Maytag in Newton, and eventually that town like so many other American manufacturing towns, will loose it's largest employer.
Front loaders with timers:
Think only the BOL offerings have them. Don't think the kind of fancy computer controls for fabric care/cycle speed and such can be done just by timers.
Launderess
IIRC it has something to do with the face many companies with pension plans switched from investing mainly in bonds to stocks. During the "tech boom" this was fine as high stock prices allowed companies to put less of their own money into the funds. When the stock boom ended, companies were left to pick up the difference.
Also, IIRC Newton is called by Maytag one of, if not the highest cost plant it operates. Everything from labour on down costs more, so appliances produced in that plant are "uncompetitive" with Maytag's competitors. Maytag has been trying to cut costs, and that may have been one of the reasons for the strike at the Newton plant last year.
For what ever reason, wouldn't surprise me if less and less is made by Maytag in Newton, and eventually that town like so many other American manufacturing towns, will loose it's largest employer.
Front loaders with timers:
Think only the BOL offerings have them. Don't think the kind of fancy computer controls for fabric care/cycle speed and such can be done just by timers.
Launderess