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.

Username:
Password:

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



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
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