DuPont moves ahead on job cuts
DuPont said 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 they would join to create a giant chemical producer 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 1,700 Delaware positions would be eliminated in the beginning of the year.
The company has 54,000 employees worldwide and said the restructuring program will affect about 10 percent of that workforce.