4 ms·
Given this press release was issued after the announcement of plans to merge, my guess is that it's pro forma for NewCo. In other words, I think the denominato
by leroy_masochist 11y ago
Given this press release was issued after the announcement of plans to merge, my guess is that it's pro forma for NewCo.
In other words, I think the denominator here is 10% * (63,000 current DuPont employees + 53,000 current Dow employees) = 11,600 people.
If that is in fact the case, then average severance would be a bit over $50k.
EDIT: Dow's current workforce 53k, not 58k.