Dow化工亚省工厂将裁员

枫情万种

道化工亚省工厂将裁员
, |/ k- m: ^* r7 oDow Chemical's Alberta facilities will see layoffs

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.

Mary-Lea Crawford, public affairs manager for Dow at Fort Saskatchewan, would not say how many layoff notices have been handed out so far.
* \% Z+ @4 J1 N
3 h" Y) {9 z8 Z3 e5 U4 X' @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.

& K) F0 l3 |& xDow employs about 630 people in Alberta, with 550 in Fort Saskatchewan with the balance at its Prentiss facility near Red Deer.

( w( J7 e- c9 gDow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.
  x' Z) ^/ Y" E
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.
' ~. b- j( G3 a- W2 C6 j' d
: u; ?2 _6 y4 @) s+ U6 t, c6 yDow’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.

  q: t$ ^/ ~& K* e+ |% P3 SPhiladelphia-based Rohm and Haas sued Dow in a bid to force the deal to close. Dow filed its response to the lawsuit on Tuesday.
% U2 a* x$ ]: S# z% q$ M
' C1 [, v! k% z, J( K2 \Dow 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