Dow to reduce its global workforce costs by about six percent

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.
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