Posted on 02/24/2009 1:15:51 PM PST by Kieri
Dow Corning Corp. announced today that it will eliminate 800 jobs, or about 8 percent of its 10,000-member global work force, due to the poor economy.
It is not known how many jobs will be affected at Dow Corning's corporate headquarters in Bay County or at its mid-Michigan operations, according to Jarrod Erpelding, a Dow Corning spokesman.
Dow Corning has about 3,500 employees in Michigan and about 1,300 working at its Williams Township headquarters and factory in Auburn combined.
The job cuts will occur during the first half of 2009 across the entire company through a combination of voluntary retirement programs and involuntary separations, the company said.
Erpelding said the job cuts will not affect Dow Corning's majority-owned subsidiary, Hemlock Semiconductor Corp., located in Saginaw County.
Company officials were not granting interviews regarding the job reductions.
In a prepared statement, Dow Corning Chairwoman Stephanie A. Burns said the reductions are "appropriate to address current market conditions."
"This is a difficult but necessary step to maintain our financial health, help us to meet our customers' and shareholders' expectations and position us for future opportunities," Burns said in a news release.
Michigan just can’t catch a break.
given the economy and gov in Michigan, why would a business move there? And the international companies I would think would want to relocate for lower taxes and expenses.
Weren't their HQs in Midland once?
ping
I wouldn’t broad-brush all of MI. Look at Ford, they did the hard stuff a couple of years ago and are now on pretty solid footing, not asking for bailout money.
It may be just as wrong to blame the unions, but I’ll say it anyhow.
The father of a friend of mine lost (gave up) his job at corning glass in Albion years ago when that plant moved to Australia. They offered to relocate them there but he said no and ended up going to Die cast corporation who later pushed him into early retirement. (They’re gone now too)
Unions are sucking their companies dry like vampires. I can agree to that. The auto-makers are stuck in MI regardless, because of the infrastructure in place there.
About other companies, is that the case?
Midland sits almost on the county line, and part of the eastern edge of Midland actually is in Bay County.
The sad thing is that we’re giving hollywood tax breaks to make movies here and it’s working, yet the clowns in Lansing won’t give those same breaks to real businesses.
It’s nice that films are being made here but they will never be a solid base for our economy.
Misplaced priorities are a female dog, aren’t they.
Ah. I had thought the incorporated city of Midland was identical to the county, but perhaps not. It was a long time ago.
Obummer your doing a good job,only 800 out of a job today.
Raise your hands, all of you who are "blown away."
Maybe she was referring to jobs! They seem to keep getting blown away...
The new theme of the Obamination Administration:
http://www.youtube.com/watch?v=KK-QIDzTdso
“Gloom, despair, and agony on me, (Woe!)
Deep dark depression, excessive misery, (Woe!)
If I had no bad luck, I’d have no luck at all, (Woe!)
Gloom, despair and agony on meeeeee!”
I saw it on the Midland Daily News website around 12:30 - 1:00 this afternoon. Another blow for the hometown. Dow Chemical has laid off so many people since 1992, I'm surprised they have any employees left at all!
The only solace is that most of these idiots probably voted for the dictator.
Coprorations have no incentive to keep employees as they know massive corporate tax hikes are coming and they can only pass so much of the cost on to the consumer.
Its a death spiral for the economy perpetrated by the marxist crypto-muslim from Kenya and the lazy filthy scumbags that voted him and his fellow marxists in.
“The sad thing is that we’re giving hollywood tax breaks to make movies here and it’s working, yet the clowns in Lansing won’t give those same breaks to real businesses.”
It is in no way sad. It is truly evil and it shows that our socialist governor knows exactly what she is doing in destroying the productive segment of our state.
I better go have a beer!
Well Hollywood claims to be green.
I thought she meant taxpayers would be blown away from Michigan. If so, it may be the first campaign promise ever kept by a Democrat.
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