Dow says layoffs at Texas site still undetermined

20 January 2009 20:03  [Source: ICIS news]

HOUSTON (ICIS news)--Dow Chemical plans to make most of the layoffs at its Freeport plant in Texas by the end of January but does not yet know how many workers will lose their jobs, a spokeswoman said on Tuesday.

"It's being determined business by business, not by site," said Tracie Copeland, a Dow spokeswoman.

Workers are being laid off at all of the chemical giant's Texas operations as part of a company-wide goal of reducing its workforce by 11% to fight recessionary pressures. In addition, many of the eliminated positions will be part of businesses that Dow will divest.

Dow employs 6,000 people at Texas sites in Freeport, Texas City, La Porte, Clear Lake, Seadrift and at its administrative offices in Houston, according to the company.

The massive Freeport complex employs 4,500 workers.

Last week a union official said Dow had offered voluntary buyouts to 50 of its 950 unionised plant operators in Freeport. A union official on Tuesday said 32 union employees had accepted buyouts.

Dow said last week that it would shut a vinyl resins unit at its Texas City plant later this year and lay off an unspecified number of workers there and at other sites as part of its company-wide restructuring.

For more on Dow's Texas plants, visit ICIS plants and projects
For more on Dow visit ICIS company intelligence
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By: Lane Kelley
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