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


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.

From other sites
Comments (2)
  • eschweinsb
    , contributor
    Comments (11) | Send Message
     
    I worked for Dow for just short of 29 years. As usual, management takes no responsibility for the condition of the company. These 2400 people about to lose their jobs are not the ones making the decisions that has the company stock at the same price it was 12 years ago after a 3 for 1 split (no splits since then). I think heads should roll at the top, not the bottom. The stockholders need to wake up!
    23 Oct 2012, 06:38 PM Reply Like
  • Sammy Lee
    , contributor
    Comments (336) | Send Message
     
    That's corporate America in a nutshell. Management gets to reap most of the benefits when times are good, and none of the punishment when times are bad. There is no responsibility at the top where it matters most. This whole f#$%ing country has thrown away the concept of responsibility.
    23 Oct 2012, 07:22 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs