Dow Corning to reduce roster by 500


US silicon products manufacturer Dow Corning is to cut 500 jobs, 4% of its global workforce, in a bid to ‘better align the company's cost structure with the realities of today's volatile global economy’. The company says it is facing significant challenges including oversupplied markets, high raw materials costs and poor growth in many regions.

The move follows recent announcements about job cuts at several big chemical companies, including Dow (2400 jobs), DuPont (1500) and Lonza (500).

‘Dow Corning has added significant professional capability and resources in support of expected and sustained growth in recent years,’ said Robert Hansen, chief executive. ‘Since that growth didn't materialise as expected, it was necessary to re-evaluate those investment decisions, given the state of the global economy.’


Related Content

Business roundup

23 February 2012 Business

news image

Industry news, March 2012

Business roundup

30 March 2009 Business

news image

Industry news, April 2009

Most Read

Perovskite solar cells show hydrogen production promise

26 September 2014 Research

news image

Highly efficient solar cells and catalysts made from cheap, common materials use sunlight to split water

Big name coffee chains drawn into acrylamide fight

23 September 2014 News and Analysis

news image

Starbucks and other coffee chains are being sued in California by a non-profit that wants carcinogen labels slapped on their ...

Most Commented

Perovskite solar cells show hydrogen production promise

26 September 2014 Research

news image

Highly efficient solar cells and catalysts made from cheap, common materials use sunlight to split water

First interstellar sighting of a branched alkyl molecule

25 September 2014 Research

news image

Discovery shows that stellar nurseries could hold amino acids too that might have been the spark for life on Earth