Dow announces $1B cost savings plan; cuts ~1,500 jobs, charges $250-325M in Q1

DOW INC.

Global workforce reduction of approx. 1,500 roles approved by Dow board on Jan. 27, 2025.
Q1 2025 charge of $250M-$325M for severance and benefits; $20M-$30M implementation costs.
Targets $500M-$700M in direct cost savings from purchased services and contract labor.
Actions driven by ongoing macroeconomic uncertainty; CEO cites slower-than-expected recovery.
Cash payments for severance expected primarily over next two years.

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