I.A.M. Approves New Contract at Herrin Laundry Products Plant

    NEWTON, Iowa, June 11 /PRNewswire-FirstCall/ -- Maytag (NYSE:   MYG) and the
 International Association of Machinists and Aerospace Workers (I.A.M.) Local
 554 jointly announced today that union members ratified a new four-year
 contract at the Herrin, Illinois, laundry plant.  Maytag's current five-year
 labor agreement with the I.A.M. Local 554 would have expired on Sunday, June
 12, 2005, at 11:59 p.m.
     (Logo:  http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO )
     "We want to thank the I.A.M. Local 554 leadership and the Herrin union
 employees for their willingness to work together to reach this new labor
 agreement," said Mark Krivoruchka, Maytag's senior vice president of human
 resources. "The cooperative attitude displayed at Herrin should allow Maytag
 to remain competitive in our challenging global marketplace and enable Herrin
 to become the main facility for our vertical-axis, top-load washer
 production."
     Wages, health care and other benefits were addressed in the new contract.
 Details about the contract are not being released.  Herrin Laundry Products
 manufactures top-load washers and certain dryer models.
 
     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 1,
 2005, and each quarter's 10-Q.
 
      Media Contact:  John Daggett
                      Maytag Corporate Communications
                      (641) 787-7711
                      john.daggett@maytag.com
 
 

SOURCE Maytag
RELATED LINKS
http://www.maytagcorp.com

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