Whirlpool Announces Restructuring Plan with Estimated Costs of $165 Million
In a regulatory filing, the company stated, "As previously discussed during its first-quarter 2026 earnings call, Whirlpool Corporation is executing critical factory footprint changes to unlock greater operational efficiencies within its manufacturing network. On July 1, 2026, the company announced restructuring actions related to the closure of its Supsa manufacturing facility in Apodaca, Mexico by the second quarter of 2027. The company expects to gradually phase out the Supsa Facility by transferring production to its manufacturing facility in Ramos Arizpe, Mexico, and across its manufacturing and supply chain network. These actions are intended to optimize its operational footprint and improve the cost structure of its refrigeration product category. The company estimates that it will incur up to approximately $95 million in asset impairment costs, approximately $30 million in employee-related costs, and approximately $40 million in other associated costs in connection with these actions. The company estimates that approximately $70 million of the estimated $165 million total restructuring costs will result in future cash expenditures. The company expects these actions to be substantially complete in 2027. As such, the company estimates that approximately $100 million of the $165 million total restructuring costs will be incurred in 2026 and that approximately $15 million of the estimated $70 million total cash expenditures will occur in 2026."
