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

BASF to cut 350 jobs in plant science research

26 February 2016 Business

news image

Company will also close field trial sites in Hawaii, India and Puerto Rico

Dow and DuPont mega-merger heralds break-up of giants

16 December 2015 Business

news image

New firm will split itself in speciality, agrichemical and materials businesses with R&D taking a hit from cost savings

Most Commented

WHO clarifies glyphosate risks

23 May 2016 Business

news image

UN and WHO panel conclude the herbicide glyphosate is ‘unlikely’ to cause cancer at realistic exposure levels

Large HIV vaccine trial to launch in South Africa

24 May 2016 News and Analysis

news image

US funding agency will enlist 5400 people for HIV vaccine study in South Africa in November