Dow化工亚省工厂将裁员

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道化工亚省工厂将裁员
* _8 W$ n; S" m2 w' PDow Chemical's Alberta facilities will see layoffs
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EDMONTON — 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.
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3 j& c  Y6 B. l+ S& n8 ^Mary-Lea Crawford, public affairs manager for Dow at Fort Saskatchewan, would not say how many layoff notices have been handed out so far.
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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.
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+ e3 j3 _) I2 V( J% N6 c, i* WDow employs about 630 people in Alberta, with 550 in Fort Saskatchewan with the balance at its Prentiss facility near Red Deer.
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Dow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.
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Dow 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 $15 billion to acquire Rohm and Haas using proceeds from the joint venture.
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2 U$ w, F' z7 KDow’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.
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& [0 [4 V9 G6 X+ z- fPhiladelphia-based Rohm and Haas sued Dow in a bid to force the deal to close. Dow filed its response to the lawsuit on Tuesday.

% P- r. |9 M1 m% o, S6 \) e5 _Dow argued the agreement was not binding, because it was impossible to carry out “without jeopardizing the very existence of both companies.”

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