DuPont layoffs will not affect Kinston plant
By Sam Atkins
Published in News on April 12, 2004 1:57 PM
DuPont today announced that it will reduce its global employee work force by 6 percent, or 3,500 positions, as part of its $900 million cost improvement program announced in December. In addition, the company is reducing 450 contractor positions.
The job cuts will not affect the plant in Kinston, according to a DuPont spokesman.
Through the end of this year, the company expects to eliminate about 3,000 positions through severance programs and about 500 positions through normal attrition, primarily in North America and Western Europe. These actions do not include the company's INVISTA subsidiary.
"These are difficult but necessary decisions as we align our resources with market needs and adjust the size of our infrastructure following the anticipated separation of INVISTA," said DuPont Chairman and CEO Charles O. Holliday, Jr. "These actions will help assure the near- and long-term competitiveness of our businesses worldwide as well as progress toward our mission of sustainable growth."
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