BUZZ-Dow rises on plan to cut 1,500 jobs globally
ReutersJan 30, 2025 11:29 AM
Shares of chemical company Dow DOW.N rise 2.1% to $41.90 premarket
Company to reduce headcount by about 1,500 employees globally
DOW expects $500 mln to $700 mln reduction in direct costs
Company to record a charge of $250 mln to $325 mln in Q1 2025 for severance and related benefit costs
Company posts Q4 adj profit of 0 cents per share vs est of 24 cents per share - data compiled by LSEG
Stock was down 26.3% in 2024
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