According to my buddy who worked for Dow, part of these "savings" apparently was taking a hatchet to their R&D segment with a bunch of spray-and-pray layoffs (apparently a common happening these days). I realize Dow is mostly commodity chemicals these days which is much more preservative in nature than other segments of the chemical industry, but even so it sounds like they are killing any hope of competing with new technologies and moving to the "squeeze as much as possible out before it goes tits up" stage.
colors