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

4 W, g+ l, n. u" M! m6 E  HEDMONTON — 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.
/ |0 i. R% v$ Q" d
7 G' n; K& n% C0 M( wMary-Lea Crawford, public affairs manager for Dow at Fort Saskatchewan, would not say how many layoff notices have been handed out so far.
5 F5 ~; `7 h: f6 {
The 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.

# D! e8 Q/ s# `  xDow employs about 630 people in Alberta, with 550 in Fort Saskatchewan with the balance at its Prentiss facility near Red Deer.
+ S' a2 B' c/ f0 W# X
! {4 a# n+ u2 i, J+ eDow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.

' f7 `* @# S- \4 {5 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.
+ k3 H: l+ V& y& H
Dow’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.
5 q  }: }# p0 L& q& _  i; q
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.

; |7 s3 v( C1 u7 ^/ lDow 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