In Newton, Iowa, Maytag's home since 1893, news that the troubled appliance maker would be sold has stirred up a host of emotions. "It's a fear of the unknown, and there's plenty of unknowns around here these days," says resident Jim McCleary. Maytag is weighing bids from Whirlpool and a private-equity firm, Ripplewood Holdings. Meanwhile, many of the 2,800 Maytag employees in Newton--18% of the population--are worried that they will lose their jobs. Others are sad to watch the Maytag legacy go on the block. Mary Ergenbright's father was a Maytag clerk for 30 years, and her son-in-law is a Maytag...
Lessons: Maytag's Blues
THE APPLIANCE MAKER IS UP FOR SALE. FACING TOUGH GLOBAL COMPETITORS, CAN IT LEARN FROM ITS MISTAKES?
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