DuPont moves ahead on job cuts ahead of Dow merger - WNEM TV 5

DuPont moves ahead on job cuts ahead of Dow merger

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    Friday, December 11 2015 2:29 PM EST2015-12-11 19:29:13 GMT
    Midland-based Dow Chemical confirms it is merging with Delaware-based DuPont in a deal that would make the two companies one of the world's largest chemical companies with assets worth about $130 billion dollars.More >

    Midland-based Dow Chemical confirms it is merging with Delaware-based DuPont in a deal that would make the two companies one of the world's largest chemical companies with assets worth about $130 billion dollars.

    More >
DELAWARE (AP) -

DuPont says it will cut 1,700 jobs in its home state of Delaware and thousands more globally as it prepares for its merger with Dow Chemical.

The companies announced earlier this month that they would join to create a giant chemical producer that will eventually be split into three independent companies.

At that time, DuPont announced a $700 million cost savings and restructuring program but did not specify how many jobs would be impacted or where. DuPont CEO Ed Breen sent a letter to employees Tuesday informing them that approximately 1,700 Delaware positions would be eliminated in the beginning of the year.

The company has approximately 54,000 employees worldwide and said the restructuring program will affect about 10 percent of that workforce.

Copyright 2015 Associated Press. All rights reserved.

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