Dow Inc

NYSE:DOW   4:00:00 PM EDT
+0.82 (+1.52%)
6:32:00 PM EDT: $54.96 +0.14 (+0.26%)
Layoffs, Restructuring / Reorganization, Other Pre-Announcement

Dow Outlines Actions To Deliver $1 Bln In Cost Savings In 2023

Published: 01/26/2023 11:41 GMT
Dow Inc (DOW) - Dow Outlines Targeted Actions to Deliver $1b in Cost Savings in 2023.
Dow Inc - Global Workforce Reduction of Approximately 2,000 Roles.
Dow Inc - Shutting Down Select Assets, While Further Evaluating Dow's Global Asset Base, Particularly in Europe.
Dow Inc - Decreasing Turnaround Spending, With a Continued Focus on Maintaining Safety and Reliability.
Dow Inc Sees Structural Improvements of $500 Million, Maintaining a Low Cost-to-serve Operating Model.
Dow Inc: Reducing Purchased Raw Materials, Logistics and Utilities Costs.
Dow Inc - Aligning Spending Levels to Macroeconomic Environment.
Dow Inc - Will Record a Charge of $550 Million to $725 Million in Q1 of 2023.
Dow Inc - Longer-term, Dow Remains on Track to Grow Its Underlying EBITDA by Greater Than $3 Billion by 2030.
Dow Inc - Charge Related to Costs Associated With These Activities, Which Primarily Include Severance and Related Benefit Costs, Others.