Thread regarding Dow Chemical Co. layoffs

@2kb if I get a “request your attendance” meeting request, I will decline and my calendar will get filled with last minute vacation days and sick days.

@2jz Last week was terrible and unproductive down South with further layoffs happening next week. Watching people receive their "request your attendance" was awful. I'm with everyone, just let us know so we can handle our own business.

@2jz As someone who had to go through this last year, I pray for everyone to find peace with it. Eventhough at the time it felt horrible, I see my health issues are going away because there is no more of the unnecessary stress.

Remember it is not you that failed, it is the company leadership making poor decisions. Hold your head up high if you recieve the email "would like to talk" Don't give them the satisfaction, you are being released from the stress and there is another company who will appreciate you.

I wish they would just send out an email to everyone with their status after the golf tournament is completed, that way people impacted by the cuts can have the time and space to process instead of having their privacy violated when people see them going into or out of the designated conference rooms. It isn’t like being called into a conference room on short notice and having some stranger from HR reading a script to you is a dignified way to be terminated.

I am tired of the tension this is causing and the coming week will not be productive with people constantly worried that the next knock, Outlook notification or call will be the end of their career. Distracted workers in a chemical plant is a bad idea, so just get it over with already.

Fu--ing thing su-ks!

@2e0 forgot to answer on severance. The standard is 2 week pay x years of service up to like 45 years.

@2e0 my understanding is that if you were offered a demotion you have the option of the demotion or severance. Other than that, I'm not aware of any voluntary separation that will end with you getting a severance.

Does anyone have details of severance packages? Are there any options for voluntary severance?

"Out of respect for our people, we are not providing site-specific details and are focused on communicating directly with impacted employees," the company said in a statement to 12News.

Respect for our people.. wtf. First off, they are not Dow's people. Second, since when is respect for employees on Dow's mind. They just don't want the bad publicity from it. They have never cared about employees. I've watched them walk people out the door for minor reasons that most places wouldn't even bat an eye at.

Keep in mind from the latest proxy release:
Jim Fitterling comp = $19.08m
Karen Carter comp = $7.17m (probably higher now)
Sreeram comp = $4.72m
Amy Wilson comp = $4.66m
John Sampson comp = $4.08m
LPGA tour purse = $3m
Nascar $10-20m

Average person being let go.. probably $85k + a 6-10% PA.

So if you work at Dow you should have got that email from John Sampson. The email is about operation transformations. Writing is on the wall the state about teams and other people that’s going to be here. You’re gonna absorb other roles and other jobs to help the company stay afloat. We’re going to have less people and more work put on the people that still here so I feel as if your person is standing behind you’re gonna get more work put on you. I could be wrong, but I don’t like the way that this is gone. I was told today it’s gonna be close to 1100 people in the Midland sites getting laid off between the main corporate building and Dow East and Dow West. They schedule room blocking and conference rooms across the sites. If you know what that means, you know what it means these rooms is going to be scheduled so people would sit down with management about severance packages and whatever else they sound like they have the conference rooms and they have people on site to escort people out of Dow east and west side. It’s just rumors but we all know rumors be true around this place I’ll keep you informed on what else I hear. I’m also speaking this so I’m not typing it so excuse me for any typos.

@OP And the BCG said unto Dow leadership: 'I fear ye will not indeed agree to do this deed of firing the employees and I alone shall have to pay the penalty of a great sin.' And Dow leadership answered him and said: 'Let us all swear an oath, and all bind ourselves by mutual imprecations not to abandon this plan but to do this thing.' Then sware they all together and bound themselves by mutual imprecations upon it.

I heard there were over 1,400 demotions given at Dow. Like what the F. The top of the shop gets to demote the bottom while asking shareholders to approve 25m new shares for upper level leaders. The funny part is the ones at the top have been making the decisions that put this company in the position it's in.

Jim was a potato. Karen is well a Karen. It's like the blind leading the blind.

Ok we are hearing the same thing. I heard number as high 47% . After talking to some one that is kind of high up . This person ran the matrix, and the number is about 22-27% based on the old Dow cutting algorithm. I was told operation leader is on deck for the cut and restructuring is large. I have not heard about actual operations the workforce that run the plant . 27% is a lot and 47% is ungodly!

Well said.

Oh for sure. Those groups are going to get pummeled with cuts. After the message this week that Procurement is going to hold the keys after being combined with logistics. I'd be scared to death to be in those functions. When you look at who is going to be in charge, it's all plastics people. If you've ever been on the wrong side of that group, pack your bags, you won't survive the cut. They are ruthless and only look out for each other.