Whirlpool Corp. said on Tuesday (Oct. 28, 2008)that it would cut about 5,000 jobs by the end of 2009 because of the global finance/credit crisis.

The whirlpool Corp. also reported that its earnings fell 7 percent during the third quarter on lower global unit volumes and higher material costs.Shares of Whirlpool has also dropped by 9.9%, or $4.96, to $45.05 in early trading.

The previous estimated earning of company was 7$ - 7.5$ per share, but company now expects profit of 5.75$ - 6$ per share.

News Source: Times Of India