in this issue
World News and Views :: Top of the News
Dow to Cut 1,000 Jobs
7:37 AM MST | December 4, 2007 | Kerri Walsh
Dow Chemical says it will cut 1,000 jobs, about 2% of its total workforce, across several businesses and geographies in an effort to cut costs and improve efficiency. The move will result in a fourth-quarter charge of $500 million-$600million, which includes severance and asset write-down costs, Dow says. It says it expects to realize savings of about $180 million/year after the program is complete. Dow says it will close a fungicide manufacturing site at Lauterbourg, France because of overcapacity within the industry, a disadvantaged cost position, and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee