Dow Chemical reports big fourth quarter losses - ABC 12 – WJRT – Flint, MI

Dow Chemical reports big fourth quarter losses

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(01/31/13) - Dow Chemical is reporting big fourth quarter losses.

The Midland-based company says it lost $716 million in the fourth quarter, compared to $20 million in the same quarter last year.

In October, Dow announced it was closing 20 plants and cutting 2,400 jobs, globally, in response to slow economic growth.

Much of Dow's losses are due to restructuring costs.

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