Dow化工亚省工厂将裁员

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道化工亚省工厂将裁员
+ A2 a, U0 Z& v% vDow Chemical's Alberta facilities will see layoffs

& z; y$ M9 N. ^4 I5 u; F% N2 y: LEDMONTON — 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.
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, B- x2 z8 X2 w' JMary-Lea Crawford, public affairs manager for Dow at Fort Saskatchewan, would not say how many layoff notices have been handed out so far.
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9 ~: E. c% H% F& a4 }) xThe 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.

Dow employs about 630 people in Alberta, with 550 in Fort Saskatchewan with the balance at its Prentiss facility near Red Deer.
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  |! r* x) z! G! ?( IDow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.

0 J. f5 A4 E- p7 K, j6 l( q9 aDow 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.

; [! @9 F' H) l: Z3 \6 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.
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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.

2 |7 r4 U7 Y& E( W5 n; ^  v, xDow argued the agreement was not binding, because it was impossible to carry out “without jeopardizing the very existence of both companies.”

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