SOURCE: Industrial Info Resources
DuPont to Cut 2,500 Jobs and 4,000 Contractor Positions, an Industrial Info News Alert
SUGAR LAND, TX--(Marketwire - December 5, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On December 4, DuPont (NYSE:DD) (Wilmington, Delaware) announced plans to restructure the organization in order to reduce capital expenditure and increase cash flow. In a news release discussing the intended restructuring, DuPont stated, "A steep global decline in construction and motor vehicle sales and consumer spending has resulted in declining industrial production, intensified by inventory reductions across most supply chains. These conditions have precipitated a sharp downturn in demand during the fourth quarter." Central to DuPont's restructuring plan is the elimination of about 2,500 jobs, most of which will be in sectors related to construction and automobile-manufacturing in the U.S. and Western Europe.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=141807 or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.
Related News Articles
Mass Layoffs Reach Record Levels
GM-Chrysler Merger Talks on Hold Until After Election, as Bush Administration Won't Finance Buyout
Joe Govreau
713-783-5147


Digg this
Bookmark with del.icio.us
Add to Newsvine