Chemicals giant Dow said it is laying off about 2,000 employees globally as it seeks to cut costs by $1 billion this year
Dow Inc. said it is laying off about 2,000 employees globally as job cuts thatThe Midland, Mich.-based chemicals company said it is targeting $1 billion in cost cuts this year as slowing economic growth and a drop-off in demand weigh on sales.
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Dow is cutting about 2,000 jobs, or 5% of workforceThe Midland, Michigan-based company currently employs approximately 37,800 people.
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