00:00It's Benzinga bringing Wall Street to Main Street.
00:02About 350 workers at Whirlpool's Amana, Iowa, factory will lose their jobs on March 9th,
00:08reducing employment at the plant to about 1,300 people, according to CBS News.
00:14The layoffs come as U.S. manufacturing employment continues to decline during
00:18Trump's first year in office, when the sector lost 83,000 jobs.
00:22Economists cited automation, overseas wage advantages, rising costs,
00:27and uncertainty tied to tariffs as factors weighing on manufacturers.
00:31The union representing the workers asked Trump in a February 24th letter to intervene
00:36and halt the layoffs, and said it has not received a response.
00:40Whirlpool said the cuts are part of a multi-year modernization plan for the plant.
00:44The company reported $318 million in net income on $15.5 billion in sales in 2025.
00:52For all things money, visit Benzinga.com.
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