IHS Chemical Week

Chemical Week Magazine :: Top of the Week

Dow to Cut 11% of Workforce, Shut or Idle 200 Plants

9:42 AM MST | December 15, 2008 | Robert Westervelt

Dow Chemical says it will eliminate 5,000 full-time jobs, 11% of its global workforce, close 20 facilities in high-cost locations, and divest several businesses. The program targets annual cost savings of $700 million by 2010, which is in addition to Dow’s previously announced cost savings of $800 million for the anticipated Rohm and Haas (R&H) acquisition. Dow says it expects to complete several divestitures within the next two years, which will account for roughly 2,000 of the 5,000 total job cuts. Liveris: Adjusting to a severe downturn. Permanent...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa