Whirlpool Corp. is keeping the liabilities associated with pension and post-retirement benefit plans for currently retired Hoover employees.
It’s part of a deal that the appliance maker reached when it announced the sale of the floor-care business to Techtronic Industries Co. Ltd. for US$107 million in cash.
Whirlpool took control of Hoover when it completed its acquisition of Maytag earlier this year.
To comment on this story email craig.sebastiano@rci.rogers.com.
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