Dow化工亚省工厂将裁员

枫情万种

道化工亚省工厂将裁员
Dow Chemical's Alberta facilities will see layoffs

EDMONTON — 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.

0 h9 [7 H0 c  D) ^+ b& X: o# TMary-Lea Crawford, public affairs manager for Dow at Fort Saskatchewan, would not say how many layoff notices have been handed out so far.
' f& L. ~, W) ?) ]9 N4 m( R1 a
The 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.
% I2 _; x* \( u( R( D
Dow employs about 630 people in Alberta, with 550 in Fort Saskatchewan with the balance at its Prentiss facility near Red Deer.

& V8 Q: V2 k" f, ?8 [2 |. S2 @Dow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.

, L' L/ o$ u4 v/ T! i8 RDow 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.

; z' L  T1 V7 a1 O2 T. T* A" iDow’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.
3 \9 j) ]7 t0 {) ^+ a7 e0 L
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.
; ?' j4 W: M3 ?; H# t" z
9 |# [; I- k# T$ o2 ]: lDow argued the agreement was not binding, because it was impossible to carry out “without jeopardizing the very existence of both companies.”

一个人游逛

icing