Dow To Cut 1,500 Jobs In Program That Aims To Save $1 Billion -- MarketWatch

Dow Jones

Jan 30, 2025

Dow Inc.'s stock $(DOW)$ rose 2% early Thursday, after the material-sciences company said it's cutting 1,500 jobs as part of a cost-reduction program that aims to save $1 billion in savings.

The company employs about 36,000 people around the world.

The company is targeting $500 million to $700 million in direct cost cuts, mostly of purchased services and third-party contract labor.

"While these decisions are difficult, we must continue to take proactive actions to reduce costs while we navigate through this ongoing slower-than-expected macroeconomic recovery," said Jim Fitterling, Dow chair and CEO, in prepared remarks.

-Ciara Linnane

For more from MarketWatch: http://www.marketwatch.com/newsviewer

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 30, 2025 06:17 ET (11:17 GMT)

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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 30, 2025 06:17 ET (11:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4090","symbol_name":"商品化工","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507649173","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507649173","pubTimestamp":1738235820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Dow Inc.'s stock  rose 2% early Thursday, after the material-sciences company said it's cutting 1,500 jobs as part of a cost-reduction program that aims to save $1 billion in savings.The company employs about 36,000 people around the world.The company is targeting $500 million to $700 million in direct cost cuts, mostly of purchased services and third-party contract labor.\"While these decisions are difficult, we must continue to take proactive actions to reduce costs while we navigate through this ongoing slower-than-expected macroeconomic recovery,\" said Jim Fitterling, Dow chair and CEO, in prepared remarks.This content was created by MarketWatch, which is operated by Dow Jones & Co. 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