Dow Chemical to Cut 1,000 Jobs

Dow Chemical Co. announced Tuesday it is cutting 1,000 jobs, or about 2.3 percent of its work force, as part of a plan to rid itself of underperforming businesses and boost its global efficiency. via Rapid City Journal

[hey72511]

Always around the holidays. Why do they cut jobs mainly around the holidays?

[Beeney]

Andrew N. Liveris
Chief Executive Officer
Dow Chemical Company (The)

The proxy statement for Dow Chemical Company (The) uses the new SEC executive compensation rules.

In 2006, Andrew N. Liveris raked in $16,821,542 in total compensation according to the SEC. However, according to the AFL-CIO's calculation method*, he raked in $12,041,183 in total 2006 compensation.

[bbts]

hey72511 wrote:

Always around the holidays. Why do they cut jobs mainly around the holidays?

End of fiscal year.

[Why Oh Why]

Why is it that underperformance and efficiency only strikes at the bottom of these coporations when all those poor working stiffs have no control over a missmanaged company by the corporate elite but always pay the price?

[bbts]

Why Oh Why wrote:

Why is it that underperformance and efficiency only strikes at the bottom of these coporations when all those poor working stiffs have no control over a missmanaged company by the corporate elite but always pay the price?

I know that question was rhetorical, but beyond the obvious reasons that the execs do the firing and poop rolls downhill, I think it's because we've lost our sense of labor solidarity.

[what]

Why Oh Why wrote:

Why is it that underperformance and efficiency only strikes at the bottom of these coporations when all those poor working stiffs have no control over a missmanaged company by the corporate elite but always pay the price?

its power against bottom of the food chain. its like gravity, blame it on the law of nature.

[wyojake]

Guess they are running out of places to declare bankruptcy and move to :-)

[velogeezer]

This is so typical. Every other day we hear about some big company "cutting" jobs.
Actually, th jobs are being shipped to China or some other slave labor country, but that fact is never mentioned on the TV news or print media. I wonder why?

[dowguy]

Re: slave labor comment: Many (most?) jobs getting shipped to India and China are anything but "slave labor" jobs. Many of these positions are actually costing as much or more than US positions.

Re: Cutting top or bottom... many more bottom available to cut... and a bunch of mid and hi-mid HAVE been cut; backfilled with younger, cheaper people.

[Lance Winslow]

Probly canning them folks suckin' TCDD outa their river.

[Lance Winslow]

Lance Winslow wrote:

Probly canning them folks suckin' TCDD outa their river.

Stop using my name. Besides this is only one of a three phase layoff between now and June 2008. And the investors are happy, because our stock will go up, as they are sheeding wasted costs in labor. Good to them and good for free markets. Business must stay efficient and the idea of a sense of entitlement to such a high-paying job is ridiculous, it is about productions, efficiency and profit, that means employee performance.

[Lance Winslow]

Lance Winslow wrote:

<quoted text>
Stop using my name. Besides this is only one of a three phase layoff between now and June 2008. And the investors are happy, because our stock will go up, as they are sheeding wasted costs in labor. Good to them and good for free markets. Business must stay efficient and the idea of a sense of entitlement to such a high-paying job is ridiculous, it is about productions, efficiency and profit, that means employee performance.

Sure efficiently and profitably produced a lot of TCDD.

[Inefficient Efficiency]

Lance Winslow wrote:

<quoted text>
Stop using my name. Besides this is only one of a three phase layoff between now and June 2008. And the investors are happy, because our stock will go up, as they are sheeding wasted costs in labor. Good to them and good for free markets. Business must stay efficient and the idea of a sense of entitlement to such a high-paying job is ridiculous, it is about productions, efficiency and profit, that means employee performance.

When does efficiency become inefficient?

[GRIZZLEY BEAR]

ITS TIME TO SHIP THE GLOBALISTS OUT OF THE COUNTRY,AND GIVE THESE COMPANYS A BIG FINE FOR DESTROYING AMERICA. NEW CARS FOR THE BOSSES AND THE WELFARE LINE FOR THE REST.