Deals
DuPont to Cut 1,700 Delaware Jobs Before Dow Chemical Merger
- Effect in home state `will be significant,' DuPont CEO says
- Company previously announced 10% reduction in global workforce
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DuPont Co. said it will cut about 28 percent of its workforce in its home state of Delaware in early 2016 as the chemical company proceeds with a merger with Dow Chemical Co.
“The effect in Delaware will be significant, reflecting the urgent need to restructure our cost base and, as part of that effort, reduce our corporate overhead costs so that we can remain competitive,” DuPont Chief Executive Officer Ed Breen said in a letter to employees. The cuts will affect 1,700 employees out of 6,100 in the state.