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Chemical Week Magazine :: Business & Finance :: United States/Americas
Dow Chemical, DuPont announce job cuts as weakness persists
8:23 AM MDT | October 26, 2012 | —Robert Westervelt
Dow Chemical and DuPont announced separate plans to deepen restructuring efforts. Dow says it will eliminate approximately 2,400 positions, or 5% of its global workforce, citing “persistently slow macroeconomic growth.” DuPont will cut 1,500 positions globally, roughly 2% of its workforce, over the next 12–18 months. “Continuing macroeconomic uncertainty and resulting slowing demand in certain sectors are reminders of why agility and productivity must be a way of life,” says DuPont chair and CEO Ellen Kullman. Kullman: Slowing demand...
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