Chemical Industry DuPont Plans to Cut Costs – 1,500 Jobs At Stake
US chemical giant DuPont reacts to falling margins with a strict cost reduction: The company plans to axe some 1,500 jobs – nearly two percent of the complete DuPont workforce.
New York/USA – The crisis of the solar industry affects also its supplier branches: US chemical giant DuPont, one of the largest producers of chemicals worldwide, reports profits to have fallen to US $ ten million from US $ 452 million in the third quarter of 2012. The company now plans to save around US $ 450 million with strict cost cuttings. Part of this programme is the personnel cutback of around 1,500 positions, nearly two percent of the company's staff, speakers explained. In addition, the sale of the paints and coatings division to Carlyle shall help to raise additional US $ 4.9 billion for the company.