Newton-based appliance maker Maytag is cutting 11-hundred jobs as part of a restructuring. C-E-O Ralph Hake made the announcement today. He says about 500 salaried positions will be eliminated from the Hoover division in North Canton, Ohio as they consolidate functions. He says other salaried positions are targeted for elimination across the Maytag appliance center and the corporate center — cuts of about 600 positions.That will include some employees in Newton, although the exact number isn’t known. Hake says the cuts are aimed at cutting infrastructure costs, not labor costs. He says they do aim to eliminate the waste and less valued parts of their “go to market model.” He says a major change of this magnitude is a challenge to manage. The move is expected to save the company 150-million dollars annually.The company lowered its earnings expectations for the second quarter and the full year 2004.
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