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Empresas y finanzas

Dow Chemical to cut 5000 full-time jobs


    NEW YORK (Reuters) - Dec 8 (Reuters) - Dow Chemical Co said on Monday the company will accelerates implementation of its transformational strategy and will eliminate approximately 5,000 full-time jobs.]

    HIGHLIGHTS

    * Says to close 20 facilities in high-cost locations and divest several

    non-strategic businesses

    * Says job reductions represent a reduction of roughly 11 percent of dow's

    global workforce

    * Says actions are expected to result in $700 million in annual operating cost

    savings by 2010

    * Says reduce its contractor workforce worldwide by approximately 6,000

    * Says will temporarily idle approximately 180 plants