Dow Inc

NYSE:DOW   3:59:59 PM EDT
+1.85 (+2.79%)
Debt Financing / Related, Layoffs, Restructuring / Reorganization

Dow To Reduce Its Global Workforce Costs By About Six Percent

Published: 09/30/2020 10:11 GMT
Dow Inc (DOW) - Dow Outlines Actions to Deliver Structural Cost Improvements and Further Enhance Competitiveness.
Dow Inc - Implementing a Restructuring Program to Reduce Its Global Workforce Costs by Approximately Six Percent.
Dow Inc - to Rationalize Certain Manufacturing Assets.
Dow Inc - Actions Are Expected to Result in Total Annualized EBITDA Savings of More Than $300 Million by End of 2021.
Dow Inc - Will Close Sale of Its Rail Infrastructure Assets at Six North American Sites to Watco.
Dow Inc - Industrial Intermediates & Infrastructure Will Rationalize Its Asset Footprint by Shutting Down Certain Amines and Solvents Facilities.
Dow Inc - Performance Materials & Coatings Will Shut Down Manufacturing Assets, Primarily Small-scale Coatings Reactors.
Dow Inc - Will Record a Charge in Q3 of 2020 for Costs Associated With Restructuring Program Activities.
Dow Inc - in Total, Restructuring Costs Are Expected to Be in Range of $500 Million to $600 Million.
Dow Inc - Restructuring Program is in Addition to $500 Million of Operating Expense Savings Dow Will Achieve by End of 2020.
Dow Inc - on Target to Achieve Reduced Target of $1.25 Billion for Capital Expenditures in 2020.
Dow Inc - Will Shut Down Select Small-scale Downstream Polyurethanes Manufacturing Facilities.