U.S.: Dow Chemical To Cut 1,000 Jobs

Date: 6 December 2007
Source: Ap.org

Date: 6 December 2007

Dow Chemical Co. announced Tuesday it is cutting 1,000 jobs, or about 2.3 percent of its work force, as part of a plan to rid itself of underperforming businesses and boost its global efficiency.





The Midland-based company, one of the nation's biggest chemical makers, said it will exit the automotive sealers business within the next nine to 18 months in North America, Asia and Latin America. It will look at options in its European operations.



Other cutbacks include idling a styrene plant in Camacari, Brazil, on Jan. 1 and closing a cellulose manufacturing facility in Aratu, Brazil, in the first quarter of next year.



Wholly owned subsidiary Union Carbide Corp. will shut down its polypropylene facility in St. Charles Parish, La., before the end of the year, and the company will significantly reduce research and development and other functions at a facility in South Charleston, W.Va.


600450 U.S.: Dow Chemical To Cut 1,000 Jobs glassonweb.com

See more news about:

Others also read

Delphi Glass, the premier source for all glass craft needs, offers a more convenient way to fuse glass and create custom jewelry -- the microwave kiln.
Extremely fine glass powder from SCHOTT provides greater stability and density to high-quality composite dental fillings.
Inside Sales is  pleased to welcome Shannon Forthuber as the  newest team member at Morse Industries, a provider  of top-of-the-line aluminum, stainless steel, plastic  and custom parts and extrusions for the marine,  architectural, and fixture industries as well as other  industrial manufacturers.
The company will be eligible for a loan forgiveness credit of $500,000 provided that it creates and retains 90 jobs by the third anniversary year of the assistance agreement.
The Kootenai County solid waste director in northern Idaho says the county will no longer accept recycled glass when the new year starts.
HyRadix® Inc., a leading provider of on-site hydrogen generation systems and supply solutions, has entered into an agreement with Praxair India, a subsidiary of US based Fortune 300 company, Praxair, Inc., for the supply of the HyRadix Aptus® on-site hydrogen generator for industrial hydrogen applications within India.

Add new comment