Dow plans to cut nearly 15% of its workforce as it looks to “simplify,” “streamline,” and “modernize” its operations, the chemical giant said Thursday — a movewith implications for the greater Houston region.
The company said it will lay off about 4,500 workers as part of a new “Transform to Outperform” initiative, which aims to use artificial intelligence and automation to boost growth, productivity and shareholder returns. Dow previously announced plans to reduce operating costs, and closed three plants in Europe in July.
“We are building on the momentum of our current self-help measures,” said Karen S. Carter, Dow’s chief operating officer, in a statement…