** Shares of chemical company Dow DOW.N rise 2.1% to $41.90 premarket
** Company to reduce headcount by about 1,500 employees globally
** DOW expects $500 mln to $700 mln reduction in direct costs
** Company to record a charge of $250 mln to $325 mln in Q1 2025 for severance and related benefit costs
** Company posts Q4 adj profit of 0 cents per share vs est of 24 cents per share - data compiled by LSEG
** Stock was down 26.3% in 2024
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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