NEWTON, Iowa, Sept. 25 /PRNewswire-FirstCall/ -- Maytag Corporation (NYSE:
MYG) announced today that Local 1526 of the International Association of
Machinists and Aerospace Workers (I.A.M.) ratified a new three-year contract
covering production and maintenance employees at Maytag's refrigeration
manufacturing facilities in Amana, Iowa.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO )
The new contract was ratified by members at a meeting today. The previous
contract was set to expire at 12:01 a.m. Sunday.
"We are pleased to have reached this new labor agreement between the
I.A.M. Local 1526 and Maytag," said Mark Krivoruchka, Maytag senior vice
president, human resources. "This agreement demonstrates a willingness on the
part of both parties to address the critical issues impacting our business to
allow us to become more customer-responsive and competitive in the
marketplace."
Maytag Corporation is a leading home and commercial appliances company.
Its products are sold to customers throughout North America and in
international markets. The corporation's principal brands are Maytag(R),
Hoover(R), Jenn-Air(R), Amana(R), Dixie-Narco(R) and Jade(R).
Forward-Looking Statements
Certain statements in this news release, including any discussion of
management expectations for future periods, constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to differ
materially from the future results expressed or implied by those statements.
For a description of such factors, refer to "Forward Looking Statements" in
the Management's Discussion and Analysis section of Maytag's Annual Report on
Form 10-K for the year ended January 3, 2004, and each quarter's 10-Q.
Media Contact: Lynne Dragomier
Maytag Corporate Communications
(641) 787-7711
ldragomier@maytag.com
SOURCE Maytag Corporation
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Related links:
http://www.maytagcorp.com
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CONTACT:
Lynne Dragomier, Maytag Corporate
Communications, +1-641-787-7711, ldragomier@maytag.com
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