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On 8 December 2008, Dow announced that due to the Financial crisis of 2007–2008, it would accelerate job cuts resulting from its reorganization. The announced plan included closing 20 facilities, temporarily idling 180 plants, and eliminating 5,000 full-time jobs (about 11 percent of its work-force) and 6,000 contractor positions.
(Reuters) - Dow missed fourth-quarter profit estimates on Thursday, and said it will lay off 1,500 employees as a part of its $1 billion cost savings plan, as the chemical firm grapples with ...
Of those job losses, 700,000 stem from layoffs at just 25 companies, according to 24/7 ... Unlike many of his employees, however, he kept his job. 15. Dow ... insurance and manufacturing. 18. Ford ...
Dow Corning was formally established in 1943 as a joint venture between the American conglomerates Dow Chemical and Corning Glass to explore the potential of silicone and was a manufacturer of products for use by the U.S. military in World War II. The company began operating its first plant, in Midland, MI, in 1945.
Chemoxy operates two manufacturing sites in Teesside, England. The company was previously owned by The Dow Chemical Company and was acquired via a management buyout in December 2011. Chemoxy International Ltd produces a range of low toxicity solvents which are used in coatings and cleaning products including Coasol and Estasol which are sold ...
Despite a strong employment report that showed 171,000 jobs added, the Dow Jones Industrial Average (INDEX: ^DJI) fell slightly more than 1%, or 139 points, to finish the week at 13,093. The ...