DuPont to cut 1,700 jobs from its US headquarters ahead of Dow merger


AFP

NEW YORK — U.S. chemicals giant DuPont announced plans Tuesday to cut 1,700 jobs from its headquarters as it restructures ahead of its planned merger with Dow Chemical. The layoffs, tied to a US$700 million cost-cutting plan announced by DuPont on Dec. 11, will have a “significant” impact on Delaware, the mid-Atlantic state where the company is based, said chief executive Ed Breen in a message to employees reviewed by AFP.

The job cuts reflect “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,” Breen said.