Dow化工亚省工厂将裁员

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道化工亚省工厂将裁员
' o5 q; ^: O& p* h) GDow Chemical's Alberta facilities will see layoffs
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9 Q- z1 v5 {) O" h; gEDMONTON — 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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& U# C. R# Q* ?& f$ }Mary-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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/ c- q9 A) }9 s8 g! VThe 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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+ j$ T0 b+ t! R+ bDow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.

/ C$ f1 z. f8 QDow 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.

+ ]  Y, |( ?3 d# l, W2 [Dow’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.

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.

3 ^* P: F% q  Q3 HDow 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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