EMCC European Monitoring Centre on Change

Dow Chemical

Company/Organisation:
Dow Chemical

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
Number Employed: 46000

Employment Effects

Announcement Date: 09-12-2008
Planned Job Reductions min: 11000
Planned Job Reductions max: 11000
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2009

Additional Information

Chemical company Dow Chemical with 46,000 employees worldwide has announced the closure of 20 plants with the loss of 5,000 permanent jobs by the end of 2009 to cope with the global financial crisis. It was also reported that the company will reduce the production in 180 manufacturing operations throughout the world and the loss of 6,000 temporary jobs. The restructuring measures are expected to save up to USD 700 million per year.