Chemicals maker Dow gains after announcing 4,500 job cuts

Shares of Dow DOW.N rise 2.2% to $28.39 premarket

The chemicals company says it will eliminate around 4,500 roles and has set a target of boosting its near-term adjusted core profit by at least $2 billion

Dow anticipates nearly $1.1 to $1.5 billion in one-time costs, including nearly $600-$800 million in severance

Posts adjusted loss of 34 cents per share for the fourth quarter, vs analysts' estimates of a loss of 46 cents per share, according to LSEG data

In 2025, Dow stock was down 41.7%