USA USA After approving the negotiation between the chemical companies Rohm and Haas and Dow Chemical, it was known that the purchase process will result in the elimination of about 3,500 jobs, according to the news portal of the plastic sector PRW.According to the information provided by both companies, 24 offices and between 10 and 15 plants will be closed to make the layoffs effective. These cuts are in addition to the 5,000 layoffs announced by Dow and the 1,500 reported by Rohm and Haas at the end of last year.
The combination of the two companies will also reduce budgeted operating expenses, which would go from $2.3 billion to $1.1 billion. The wage freeze decreed for workers in 2009 will also mean savings of US$200 million.
With the negotiation, Dow will also benefit from a greater presence in the Asia-Pacific region, where Rohm and Haas generate 24% of its annual sales. Dow currently gets only 12% of its sales from that region.
Rohm and Haas operates in Argentina, Brazil, Chile, Colombia and Mexico, while Dow has had a presence in Latin America since 1957.
