Dow Chemical Plans to Cut More Than 1,500 Jobs

Midland-based Dow Chemical will cut about 3 percent of its global workforce.

That works out to more than 1,500 jobs.

It comes as the company gets ready to break off a significant part of its chlorine operations in a deal with Olin Corp.

That deal, announced in March, will give Dow about $2 billion in cash and cash equivalents and more than $2 billion in Olin common stock.

At the end of last year, about 53,000 people around the world worked at Dow.