Dow化工亚省工厂将裁员

枫情万种

道化工亚省工厂将裁员
Dow Chemical's Alberta facilities will see layoffs

' g' d6 ~- v. H/ X# Q. F- A0 _5 @0 XEDMONTON — Some employees at Dow Chemical’s Alberta facilities have been notified they will be laid off but the full extent of the job cuts won’t be known until late next week, a company spokesperson said Wednesday.
" ?4 }+ D- f) {) L5 q2 \. e
Mary-Lea Crawford, public affairs manager for Dow at Fort Saskatchewan, would not say how many layoff notices have been handed out so far.

: X, b$ ~3 q3 T' V* S6 I- UThe cuts are not expected to be as deep as the 11-per-cent target announced by the U.S.-based company in December, she said.

4 \3 I4 P  U9 iDow employs about 630 people in Alberta, with 550 in Fort Saskatchewan with the balance at its Prentiss facility near Red Deer.

( s# R& ~/ D$ }Dow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.
4 C  j0 a$ c  i2 u1 I; p6 t
. r5 A; I& h. J& ]9 E4 a( DDow has tried to revamp its earnings profile over the past two years, first by announcing plans to sell a 50- per-cent stake in its cyclical basic plastics business to Kuwaiti investors for more than $9 billion. Then, in July, it announced plans to spend more than $15 billion to acquire Rohm and Haas using proceeds from the joint venture.
4 \# K) J  X* {; v0 M# ?8 T
/ d* g1 |' x; f, T- {. ]' ?, ?5 ~& H5 uDow’s plans faltered when Kuwait backed out of the joint venture. Rohm and Haas said its merger agreement with Dow, was not contingent on the Kuwait transaction.

Philadelphia-based Rohm and Haas sued Dow in a bid to force the deal to close. Dow filed its response to the lawsuit on Tuesday.

# y( z6 G# m! J' vDow argued the agreement was not binding, because it was impossible to carry out “without jeopardizing the very existence of both companies.”

一个人游逛

icing