Dow化工亚省工厂将裁员

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

# D( f( N# i; V' Z) a; O( OMary-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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' t- f/ ]7 Y: c3 j3 X3 NThe 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.

$ O9 ^, D+ C. B* Z( z/ c6 P! v$ x" DDow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.
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Dow 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.

' H  ^0 [% e: P0 s9 `6 O1 r+ gDow’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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- ]. d: i: a5 c/ P/ o; H/ XPhiladelphia-based Rohm and Haas sued Dow in a bid to force the deal to close. Dow filed its response to the lawsuit on Tuesday.
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; m* g. K% [: ^$ n+ q8 mDow 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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