Montreal

Home appliance-maker Mabe Canada has announced it will slash 700 jobs in Montreal and is blaming the high-flying loonie for its woes.

The jobs will disappear over the next three years as the company closes a plant that manufactures dryers, by the end of 2014.

The company, which also has operations in the U.S. and Mexico, produces a variety of appliances under well-known names such as GE and Hotpoint.

Mabe blamed the higher Canadian dollar for the announcement Thursday. It said the plant had become unsustainable, given that 90 percent of the dryers

Montreal's loss is Memphis's gain. Electrolux AB, the world's second-biggest home appliance maker, said yesterday its decision to shut its l'Assomption plant by late 2013 and shift production to a new $190-million factory in Tennessee is final.

L'Assomption, off the eastern tip of Montreal Island, loses its principal private-sector employer and 1,300 jobs. Electrolux will hire 1,250 employees in Memphis to produce new-generation built-in and specialty kitchen appliances in a new 700,000 square-foot plant

National Sales Manager, AudioQuest Cables, Irvine, Calif. Age: 39 Education: Bachelor’s Degree in Business Management, University of Phoenix. Career History: Niemi helped launch Boomerang Tracking Inc., a Montreal-based technology developer that was bought by LoJack in 2004 and worked in training and product management positions at Nakamichi before joining AudioQuest five years ago as a regional manager in California. Two years ago, he was transferred to Chicago to run the company’s Midwest office, where he oversees six regional sales managers. Greatest Business Achievements: “Continuing to grow the sales territory as I moved across California and through the Midwest.” Advice: “Any time that

My first job in the CE industry was working in a warehouse of Musicraft in Chicago. I was a stock boy. I'd pull systems, receivers, speakers, wire, disc washers and turntables. The turntable had to be assembled: the base, dust cover, hinges; mount the phono cartridge. Then we'd have to cram these huge systems into a Ford Pinto or a Chevy Vega. I just liked to hang out in stereo stores. At 15, it was a good way to be. Right now, figuring out what I'm going to be when I grow up is my greatest challenge. I dropped out of life when

My first job in the CE industry was working in a warehouse of Musicraft in Chicago. I was a stock boy. I'd pull systems, receivers, speakers, wire, disc washers and turntables. The turntable had to be assembled: the base, dust cover, hinges; mount the phono cartridge. Then we'd have to cram these huge systems into a Ford Pinto or a Chevy Vega. I just liked to hang out in stereo stores. At 15, it was a good way to be. Right now, figuring out what I'm going to be when I grow up is my greatest challenge. I dropped out of life when I

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