Dow Chemical to trim 5,000 jobs
09-12-2008
One of the largest chemical companies in the world, Dow Chemical, has announced plans to cut five-thousand jobs and close twenty plants in response to the global economic downturn. The company also plans to temporarily suspend operations at a further 180-chemical plants and to cut six thousand contractors. The job cuts represent 11-percent of Dow's total staff - it hopes the moves will reduce its annual operating costs by 700-million
