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-0.000626043405676151 -0.000813856427378996 -0.000521702838063409 -0.0031302170283806 -0.0018781302170283 -0.00605175292153588 -0.0143656093489149 -0.0129382303839732
Stock impact report

Dow Inc. to Pare Workforce Costs 6%, Take Charges [TheStreet.com]

Dow Inc. (DOW) 
Last dow inc. earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: TheStreet.com
Storied materials-science company Dow Inc.(DOWGet ReportIt didn’t specify the amount of any layoffs.The restructuring stems from the coronavirus pandemic, which has curbed demand for Dow products, the company said.Besides the 6% cost cut, the revamp includes "[rationalizing] certain manufacturing assets,” the Midland, Mich., company said in a statement.“These actions are expected to result in total annualized [earnings before interest, taxes, depreciation and amortization] savings of more than $300 million by the end of 2021.”The industrial intermediates-and-infrastructure segment will shut certain amines and solvents facilities in the U.S. and Europe, as well as select small-scale downstream polyurethanes manufacturing facilities.The performance-materials-and-coatings unit will shutter manufacturing assets, primarily small-scale coatings reactors.“Given the expected gradual and uneven global economic recovery from covid-19, we announced in July that we are taking necessary actions to Show less Read more
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