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Whirlpool to shut down Italian plant in November

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Whirlpool to shut down Italian plant in November

Whirlpool Corp. will close its washing machine factory in Naples, Italy, on Nov. 1 following failed reorganization plans for the site, Reuters reported Oct. 15.

In May, the U.S.-based appliance maker announced that plans to reconvert and sell the facility as the production of high-end washing machines in Naples was no longer profitable. The factory employs around 450 workers, the report said.

Subsequently, the company entered into a preliminary agreement in September to sell the plant to a third-party purchaser.

The Italian government has been trying to keep the plant open by negotiating with the company officials, according to Reuters. Italy's Prime Minister Giuseppe Conte and Industry Minister Stefano Patuanelli reportedly held a meeting with Whirlpool's managers on Oct. 15, but the parties failed to reach an agreement.

Metalworkers union FIOM-CGIL has called for a two-hour strike at Whirpool's six plants in Italy, the news agency reported. In addition, some 300 workers reportedly protested the decision by blocking a highway outside Naples.

Whirlpool did not immediately respond to S&P Global Market Intelligence's request for comment.

In June, Italy reportedly said it will scrap €15 million worth of incentives for Whirlpool following the company's decision to close the factory.