Dow

Summary

Dow has launched a cost-savings program called “Transform to Outperform” aimed at boosting near-term EBITDA by $2 billion, which includes cutting about 4,500 jobs globally. The company expects the plan to cost $1.1 to $1.5 billion to implement—up to $800 million of that for severance—and said the effort will focus on simplifying operations, streamlining processes, resetting its cost structure, and modernizing how it serves customers.