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DuPont to cut 4500 U.S. jobs.

As part of the continuing cutbacks underway at major corporations around the world, DuPont, Wilmington, DE, recently announced that 4500 workers would be dismissed from its U.S. operations. The cutbacks, which will focus on work-forces in the operating plants and target specifically the company's nylon operations, do not affect DuPont's European operations, although its own $500 million restructuring plan could result in layoffs there next year.

This round of dismissals, as reported in the Wall Street Journal (9/14/93), is part of an ongoing $2 billion cost cutting program announced in 1992 that follows on savings of $1 billion trimmed from 1991 and 1992 budgets. Of the 4500 jobs to be cut, 3000 workers are scheduled to be let go by the end of November; this is in addition to the 1300 employees laid off earlier this year. Nearly 1600 of the 4500 layoffs are expected to come from the company's nylon operations, which are facing worldwide overcapacity.
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Publication:Nonwovens Industry
Date:Oct 1, 1993
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