03 December 2008 21:52 [Source: ICIS news]
HOUSTON (ICIS news)--US major Dow Chemical will hold a press conference to announce possible layoffs at the chemical producer's Freeport complex in Texas, a company spokesperson said on Wednesday.
There were no details, though a Houston Fox News television report said Dow had released a statement saying it would "explain the job losses" at the complex.
The report said Dow had announced it would reduce the numbers of contract workers on site "substantially" by assigning Dow employees to positions currently held by the contract workers.
More than 4,000 contract workers are currently employed at the plant, according to the report.
The statement, according to the TV report, said the layoffs will occur in stages from 15 December through 5 January.
A press conference on the layoffs was to begin at 15:30 hours Houston time (21:30 GMT), according to the Dow spokesperson.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections