Thousands of jobs to go as chemicals giants cut costs

The global chemicals sector is reacting to economic pressures by cutting thousands of jobs to save on costs. Dow’s plan to save $1 billion (£826 million) in 2023 includes laying off about 2000 people from its global workforce. 3M plans to cut 2500 jobs globally, predominantly in manufacturing. Other companies in the sector also plan cost-cutting measures, with job layoffs.