
A recent article in C&EN tells a grim tale of the current and future job market for chemists:
Sphere: Related ContentDow Chemical will eliminate 5,000 jobs, roughly 11% of its workforce, as a result of the rapidly deteriorating economy. The company says the move accelerates an ongoing program to streamline operations. Approximately 2,000 jobs will be trimmed through the sale of several businesses. The remaining layoffs will be in centralized business services. In addition, Dow will decrease production by temporarily idling 180 plants and will reduce its contractor workforce by 6,000, or about 30%.
Dow’s announcement follows the news that DuPont will reduce its workforce by 2,500, primarily in businesses that support the motor vehicle and construction industries. The weak automotive market is also having a negative effect on performance plastics supplier A. Schulman. The firm has revealed restructuring plans that will cut 131 positions from its employment rolls and reduce North American capacity by 50%.
The chemical industry layoffs are contributing to mounting unemployment in the U.S. manufacturing sector. The Department of Labor reports that U.S. unemployment rose by 0.2% to 6.7% in November compared with October, the highest level in 15 years. Nonfarm payroll fell sharply by 533,000 jobs, of which 85,000 came from manufacturing.
According to the American Chemistry Council, the U.S. chemical industry’s main trade organization, the industry lost 1,000 jobs in November. T. Kevin Swift, ACC’s chief economist, projects that employment in the U.S. chemical industry will decline 3% in 2009.


