Dow to close 20 plants and shed 2,400 staff

By Hamish Champ, Crain staff (PRW)

Dow Chemical is to shut “approximately” 20 of its worldwide manufacturing sites and shed 2,400 jobs as part of a restructuring programme.

Pointing the finger at sluggish markets, notably Europe, the US materials group said the restructuring programme was “designed to accelerate cost reduction actions and advance the next stage of the company’s transformation in the midst of persistently slow macroeconomic growth”.

The job losses amount to 5 percent of its total workforce and the site closures would…

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