Dow Chemical to cut 900 jobs, close plants


The Dow Chemical Co. will close several plants and plans to lay off about 900 workers worldwide in response to weak demand in Europe.

Actions will include closing certain manufacturing plants in Europe, North America and Latin America, as well as canceling a selection of capital projects and implementing workforce reductions, the company stated.

Dow anticipates that it will save approximately $250 million annually from these actions....
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