Midland, Michigan: The Dow Chemical Company will cut 900 jobs and shutter plants on three continents because of weakness in Europe, which may soon tip back into recession of it has not done so already.
Dow was ravaged during the global and economic crisis that struck four years ago, cutting more than 10,000 positions then. CEO Andrew Liveris has aggressively sought to keep the company, the nation's largest chemical maker, agile despite its size.
"These actions, while difficult, are in full alignment with our commitment to continually manage our portfolio to adapt to changing and volatile economic conditions, as we are seeing particularly in Western Europe," Liveris said.
Europe released new employment figures on Monday showing that there are now more people unemployed than at any time since the euro was introduced in 1999....more
08:28 AM, Apr 03, 2012