More job cuts for Dow

Thursday, January 22, 2009

CHARLESTON, WV — Dow Chemical plans another 61 job cuts in the Kanawha Valley as part of their effort to eliminate as many as 5,000 from its workforce in 2009, according to the Charleston Gazette.

Severance packages will be provided to laid-off employees with varying amounts depending on the length of their service to the company, the story stated.

Several of the affected employees will be eligible for retirement by the time the layoffs are executed, the story noted.

The company did not say when the layoffs would take effect, but under the federal Worker and Retraining Notification, companies must give advance notice to employees and local governments at least 60 days before plant closings and mass layoffs, the story added.