Dow Inc.’s cost cuts are deepening, as the chemical and plastics company said Monday it was closing plants and laying off more people in response to continued weak demand.
https://www.marketwatch.com/story/dow-increases-layoffs-to-more-than-2-000-as-demand-for-building-materials-remains-weak-6b152bce
Very good, we don't need a lot of people at high positions here especially Directors like Timothy that just talk but don't really know anything.
this is going to get even worse, but we'll see
Dow Inc. announced an expansion of its cost-cutting initiative on July 7, 2025, revealing plans to close three European plants and lay off an additional 800 employees, bringing its total layoffs this year to over 2,300. The chemical and plastics company had previously announced 1,500 job cuts in January as part of a broader $1 billion cost reduction strategy.
The decision to deepen cuts comes amid persistently weak demand for building materials and industrial chemicals, which has continued to pressure revenues despite earlier restructuring. The affected plants were identified back in April as underperforming, and this latest round of closures and layoffs reflects slower-than-expected economic recovery across key sectors. Dow’s stock dropped 3.37% following the announcement, with broader market indices like the S&P 500 and Nasdaq also falling in response to rising economic uncertainty, including new tariff threats from former President Trump.
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