Whirlpool plans 500 million euro Italy investment, 1,350 job cuts

April 16, 2015 4:42 PM

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Whirlpool plans 500 million euro Italy investment, 1,350 job cuts

ROME (Reuters) - U.S. white goods group Whirlpool (WHR.N) announced on Thursday it would invest 500 million euros ($535.25 million) over four years in Italy as part of a restructuring plan that would see 1,350 redundancies.

Whirlpool, which is absorbing the operations of Italy's Indesit, met Italian government officials on Thursday to present new investment plans it said were aimed at securing the long term future of its operations in the country.

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