Dow Chemical (DOW) announces a restructuring program to speed cost reductions and advance the...

|About: Dow Chemical Co. (DOW)|By:, SA News Editor

Dow Chemical (DOW) announces a restructuring program to speed cost reductions and advance the next stage of its transformation, including a cut of ~2,400 positions, or 5% of its global workforce, and the shutdown of ~20 manufacturing facilities. DOW says it will take charges of $0.50-$0.60/share in Q4 related to these measures. Shares -0.7% AH.