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People & Business :: Companies

Dow Corning to cut 500 jobs

2:17 PM MST | January 9, 2013 | Rebecca Coons

Dow Corning says it will cut approximately 4% of of its workforce to better align the its cost structure with the "realities of today's volatile global economy." The company says most of the 500 eliminations will come from its professional ranks through an "involuntary separation program." Dow Corning, a global leader in silicones chemistry, says it is facing significant challenges including oversupplied markets, high raw materials costs, and slowed growth in many regions. "Dow Corning has added significant professional capability and...

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