Techtronic Industries Co. Ltd. (TTI), the new owner of floor care appliances maker The Hoover Company, will close much of the company's operations in North Canton, Ohio, U.S. A main campus and much of the manufacturing will shut down by year-end, resulting in about 750 job losses. A distribution center and manufacturing of vacuum bags will remain, but most appliance manufacturing will move south to plants in the neighboring cities of El Paso, Texas, U.S. and Ciudad Juarez, Mexico.
The move comes as no surprise. Even when Hoover was still a part of Maytag Corporation the parent company was unhappy with its financial performance. Workers in North Canton saw factory closings and layoffs as imminent, and in March of 2006 the International Brotherhood of Electrical Workers Local 1985, representing workers in the area around North Canton, investigated the feasibility of purchasing the floor care OEM from Maytag. Union members eventually gave up that effort when it became clear they would be forced to gamble their pensions.
When Whirlpool acquired Maytag at the end of March 2006, Hoover was a part of the package, but Whirlpool put up the For Sale sign almost at once. Hoover was eventually acquired by Hong Kong-based TTI, which added Hoover to its existing Dirt Devil and Royal floor care appliances operations based in Glenwillow, Ohio, U.S., to create TTI Floor Care, said to now be the largest floor care business in North America.
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