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

Graphene sandwich turns water square

27 March 2015 Research

news image

Water trapped between graphene sheets transformed into new type of ice

Simple cooking changes make healthier rice

23 March 2015 Research

news image

Adding oil to water, cooling and reheating rice makes fibre-like resistant starch, reducing calories

Most Commented

Sewage offers attractive source of precious metals

27 March 2015 Research

news image

US Geological Survey team finds valuable metals in treated sewage and is working on the difficult problem of extraction

Thinking ahead

26 March 2015 Critical Point

news image

PhD courses must prepare students for a life after research, says Mark Peplow