Dow to cut 1500 jobs as global chemicals industry reshapes
US firm joins other industry heavyweights in shedding jobs to cut costs
Dow has begun cutting around 1500 jobs across its global operations as part of a larger plan to save $1 billion (£800 million) in annual costs. The move comes as the global chemical industry continues to restructure and reshape. The situation is particularly bleak in Europe, with companies blaming high energy and feedstock costs, increased environmental and regulatory burdens, and administrative hurdles around innovation and human capital.