Dow Plans To Eliminate 2,500 Jobs

July 1, 2016
Dow will cut 2,500 jobs after Dow Corning takeover.

Dow Chemical plans to eliminate 2,500 jobs and close plants in North Carolina and Japan in the aftermath of its Dow Corning silicone venture takeover, according to an article from Bloomberg. The job cuts reportedly represent 4% of Dow’s workforce.

According to the article, Dow raised its goal for cost savings from the takeover by $100 million. The company reportedly paid $4.8 billion for Corning’s 50% share in the 72-year-old joint venture. The deal was completed earlier this month.

Read the entire article here.

Sponsored Recommendations

Heat Recovery: Turning Air Compressors into an Energy Source

More than just providing plant air, they're also a useful source of heat, energy savings, and sustainable operations.

Controls for Industrial Compressed Air Systems

Master controllers leverage the advantages of each type of compressor control and take air system operations and efficiency to new heights.

Discover Your Savings Potential with the Kaeser Toolbox

Discover your compressed air station savings potential today with our toolbox full of calculators that will help you determine how you can optimize your system!

The Art of Dryer Sizing

Read how to size compressed air dryers with these tips and simple calculations and correction factors from air system specialists.