World News and Views :: Top of the News
DuPont Details Additional Restructuring, Takes Second Quarter Charge
9:01 AM MDT | May 7, 2009 | Kara Sissell
DuPont says it will cut another 2,000 jobs, and take a pre-tax charge of $340 million-$390 million in the second quarter, with about 40% of that in non-cash assets. The job cuts are in addition to the 2,500 jobs and 4,000 contractor positions the company cut in December. The restructuring actions “will help preserve our strong cash position, streamline and accelerate our approach to markets and better position our business as global economies rebound,” says DuPont CEO Ellen Kullman. The company’s plan is “not simply to weather the...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee