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
