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Chemical Week Magazine :: Top of the Week
DuPont Cutting 2,500 Jobs; Expects Fourth-Quarter Loss
2:09 PM MST | December 8, 2008 | Rebecca Coons
DuPont says it will cut about 2,500 jobs and temporarily idle more than 100 sites to address current market challenges and focus on maximizing cash flow. “We must get our cost and our cash in line with current reality,” says DuPont CEO Chad Holiday. Losing luster: There will be job cuts in segments serving the auto industry. The company declines to specify which sites would close, pending notification of employees, but says that cuts would be primarily in business segments that serve the U.S. motor vehicle and construction markets. DuPont says it also...
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