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

Date: 6 December 2007
Source: Ap.org
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
Date: 6 December 2007
Source: Ap.org

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