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
) c/ q8 `) ^0 q8 E3 |
& T. m$ K1 a$ _, C; O# CEDMONTON — 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.

: n% V9 B1 z* u- DMary-Lea Crawford, public affairs manager for Dow at Fort Saskatchewan, would not say how many layoff notices have been handed out so far.
1 S2 e, \+ I" d3 Q$ J( r
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.
9 d! f" e" C+ U) i% \* x
Dow employs about 630 people in Alberta, with 550 in Fort Saskatchewan with the balance at its Prentiss facility near Red Deer.
$ A- t* R5 g; `3 j0 h( V
Dow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.
* X7 G! e0 U# i* k
1 J/ R, k/ F. D( W& Q/ J" hDow 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.

) t1 e' u$ q3 T( `7 m$ n  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.

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.
' i) K/ D; w: \6 c
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