Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Dow, an American multinational chemical manufacturer, announce a reduction of its global workforce by 4,500 jobs, with already 800 jobs being cut in Germany and the UK: Dow 2025 - WO.
The measure is part of a cost saving strategy by the chemical company, attempting to save $2 billion in operating costs. The company wants to automate processes, also by using AI, to streamline its operations. However, furthermore this move reflects the stagnant growth in the chemical sector. Geopolitical tensions were also cited to disrupt Dow's business operations.
This announcement follows a number of attempts by the company to restructure its business operations. Specifically, in the beginning of 2025, the company had announced a cost savings plan that led to the layoff of 1,500 employees Dow 2025 - WO.
Eurofound (2026), Dow, Internal restructuring in World, factsheet number 204559, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204559.