Dow slashes 270 more jobs
February 2, 2009
MIDLAND, MI — About 270 more will join the ranks of unemployed Americans as Dow Chemical lays off another 270 at plants in Plaquemine and Hahnville, Louisiana, according to an Associated Press story hosted by Forbes.com.
About 160 of Dow''s 1,600 employees in Plaquemine will lose their jobs, along with about 110 of the 1,100 workers at the Hahnville complex, the story stated.
Dow''s repeated layoffs are part of a recession-driven worldwide work force reduction, the story noted.
By slashing 5,000 full-time jobs, closing 20 plants and selling off businesses to rein in costs amid sharp declines in demand for its products, Dow expects annual companywide savings of about $700 million by 2010, the story added.
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