Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The US chemical producer Dow Chemical is to cut between 1,500 and 1,750 jobs (3% of its global workforce). The reorganisation is in the framework of a restructuring plan related to its decision to sell a chunk of its century-old chlorine business to Olin Corp for $5 billion. Dow Chemical sold the chlorine business as part of its effort to shift production towards making higher-margin chemical products. The affected sites and countries are not known yet.
Eurofound (2015), Dow Chemical, Internal restructuring in World, factsheet number 83551, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83551.