Hong Kong Company Sucks Up Hoover Co.

Summary


AKRON, Ohio - The $107 million question: Will the just-announced new owner of Hoover Co. keep the company's Ohio plant and headquarters in place?

Or, because Techtronic Industries' headquarters is in Hong Kong, is Hoover destined to be among the U.S.-based manufacturers that shift jobs - in this case, about 1,000 in North Canton, Ohio - to an Asian nation with low labor costs?

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Extract


Hong Kong Company Sucks Up Hoover Co.

"It's way too early for us to comment on the longer-term plan for Hoover," said Joe Galli Jr., the former New...

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