Posted by: Lawyer Sanders | December 8, 2008

Environmental lawyer Sanders says Dow Chemical to slash 5,000 jobs and close 20 chemical manufacturing plants.

Dow Chemical Company will eliminate approximately 5,000 full-time jobs, close 20 facilities in high-cost locations and divest several non-strategic businesses. The job reductions represent a reduction of roughly 11 percent of Dow’s global workforce. In addition, reflecting poor current market conditions, Dow will temporarily idle approximately 180 plants and significantly reduce its contractor workforce worldwide by approximately 6,000 as predicated by reduced operations.

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