Dow (DOW) said the company will initiate a restructuring program, targeting more than $300 million in annualized EBITDA benefit by the end of 2021. This program includes a 6% reduction in the company's global workforce as well as actions to exit uncompetitive assets. The company will also upsize its 2020 operating expense reduction target from $350 million to $500 million through additional structural cost interventions.
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