Dow Chemical to trim about 3 percent of global workforce
BATON ROUGE - Dow Chemical, which has several facilities in Louisiana, will cut about 3 percent of its global workforce as it prepares to break off a significant part of its chlorine operations in a deal announced earlier this year with Olin Corp.
The company says the cuts will reduce its workforce by 1,500 to 1,750 positions over the next two years. Dow Chemical employed about 53,000 people worldwide at the end of last year.
Dow's chlor-alkali and chlor-vinyl businesses and chlorinated organics business in Plaquemine are part of the $5 billion Olin acquisition. Dow has employed about 300 people in the local facilities, which were among 40 included in the deal.
Dow did not release information about the cuts at specific locations.