News »Browse Articles » Job slump? Dow Chemicals to hire over 3,000 in India

Cos that are hiring , Recruiting best talent

25 Dec 2008 Mumbai: DOW Chemicals is planning to increase its head count in India to over 3,000 employees, at a time when the company had announced the firing of 5,000 employees globally.

Early this month, the company announced that it would cut 5,000 jobs, shut 20 facilities, temporarily idle 180 plants and reduce the company’s contractor work force by about 6,000 due to global meltdown. In contrast, Dow is not only hiring in India, it is also evaluating options to set up a performance chemicals park in the country.

Confirming this, Ramesh Ramachandran, president and CEO, Dow Chemical International told ET, “There have been job cuts globally, but our Indian numbers are set to grow substantially. There are close to a 1,000 employees today. We are expected to triple this to 3,000 employees in the next three years.

We are recruiting engineers in our Chennai centre of excellence and also scientists for our R&D centre. We are confident that with our global technologies and infrastructure, we have the best set of engineers and scientists.”

Besides the design and R&D centre, Dow is setting up manufacturing facility in the country. This decision comes at a point of time when its $100 million proposed R&D centre in Pune faces the possibility of being closed down following opposition from activists. The Maharashtra government is likely to decide next week about the fate of this R&D facility.

Source:
http://economictimes.indiatimes.com/News/News_By_Industry/Jobs/Job_slump_Dow_Che

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