"We are sharing job numbers at the regional level at this time, which for North America is approximately 50 percent of the total number (of 2,400)"
MIDLAND, MI ? Roughly half of the 2,400 jobs that will be cut by Midland based Dow Chemical will be located in North America, a company spokesman said today.?
Dow announced the job cuts tonight along with plans to close about 20 plants worldwide, one of which is located in Midland. The company announced the plans today after accidentally sending a news release earlier than planned to a Bloomberg New reporter.?
Dow will release information about Q3 earnings tomorrow at 9 a.m.
"Dow has announced a series of moves to maximize asset performance, strengthen our long-term competitiveness and focus our resources in areas that will drive growth and deliver the most profitable returns on our investments," the company spokesman said tonight in an email message. "These actions include some selective downsizing across our business and functional groups to reduce structural costs, as well as the selective shutdown of a number of manufacturing assets."
"The net reduction in job reductions announced today is 2,400," the spokesman said. "We are sharing job numbers at the regional level at this time, which for North America is approximately 50 percent of the total number."?
Dow has not released more specific numbers or indicated where the job cuts will take place.?
The spokesman noted that Dow?s strategy remains intact and the company continues to bring new technologies, solutions, and manufacturing jobs to Michigan.?
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