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.

( o) B% C( y/ J) Y3 K% DMary-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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' V3 c# a6 ]/ g# QThe 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.

  n9 k4 Q, G5 G) u3 x% D+ CDow 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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/ k3 x$ T" i! K8 JDow posted weaker-than-expected fourth-quarter results on Tuesday because demand has plummeted in markets such as the construction, electronics and automotives.

9 J) A6 Q6 }5 L* \! h8 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.
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2 N, N" s3 B, J, S/ r9 K6 u! pDow’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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. J0 g9 ~, j  b. Q4 W" @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.
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/ u: P) R8 w' d" h8 t; d8 ^Dow 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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