Alas, "kept" being past tense.
In Indiana, Centerpiece for a City Closes Shop"Greed" is a harsh word but it applies if it's meant that Whirlpool executives would like to continue to provide shareholder (owner) equity, stock dividends, and employment to human beings (including thousands of other Americans). In that sense, greed, as the saying goes, is good.
By Steven Greenhouse, New York Times
Evansville, Ind. — Having seen her father make a solid living at the Whirlpool refrigerator factory, Natalie Ford was enthusiastic about landing a job there and was happy years later when her 20-year-old son also went to work there.
But that family tradition will soon end because Whirlpool plans to close the plant on Friday and move the operation to Mexico, eliminating 1,100 jobs here. Many in this city in southern Indiana are seething and sad — sad about losing what was long the city’s economic centerpiece and a ticket to the middle class for one generation after another.
Whirlpool has operated the plant since 1956, and at the factory’s peak in 1973 it employed nearly 10,000 workers.
“This is all about corporate greed,” said ..." [link]
What's bad is the manufacturing base that we're watching crumble on a daily basis.
Food stamps and government stimulus plans will only get us so far. We need employers. We need to create conditions that allow employers to thrive in this country.
So Whirlpool is finally leaving Indiana for Mexico. With conditions such as they are, one can only ask: What took so long?
As for that "greed" thing, is it inappropriate to mention the 1974 strike that ripped Whirlpool apart to the point that it never regained its health and vitality? (Note the above: " ... at the factory’s peak in 1973 it employed nearly 10,000 workers.") A strike that had everything to do with petty, bullshit - but costly - union demands that eventually made Whirlpool non-competitive?
There was plenty of greed to go around, fellas.
In truth, Whirlpool's demise in Evansville was a negotiated deal.
Photo courtesy of the Evansville Courier & Press.