DuPont Co. announced 28 percent job cuts in Delaware, the historic company’s home state. The 28 percent cut of the workforce will be carried out by March 2016 the latest.
DuPont Co. announced 28 percent job cuts in Delaware, the historic company’s home state. The 28 percent cut of the workforce will be carried out by March 2016 the latest.
The announcement of DuPont Co. came at the same time as the merger between two giant historic companies was announced. DuPont Co. is set to merge with Dow Chemical Co. to create three new booming business branches. As Dow Chemical Co. and DuPont Co. are joining forces, 28 percent of DuPont’s workforce in Delaware state will be cut off.
According to the CEO of DuPont Co. Ed Breen writing to DuPont employees, the company is aware of the effect the restructuring will have in Delaware. However, the restructuring process is necessary if the DuPont is to remain competitive and reduce overhead costs. DuPont Co. announced 28 percent job cuts in Delaware, translating in 1,700 employees losing their job. Delaware counts 6,100 DuPont employees.
The workforce cut is a follow up of the strategy announced on December 11th. It was then when Dow Chemical Co. and DuPont Co. also put the upcoming merger on the table. The two big names of the U.S. industry shall join forces as equals. Their new venture is set to create three different independent companies.
One of these should harvest the companies’ extensive expertise and become a major player in the agriculture and chemicals sector. A second should be focused on material sciences, while the third should bring chemical products to the market.
According to the Governor of Delaware, Jack Markell, the 28 percent workforce cut announced by DuPont Co. is disappointing. Since its establishment, the company and the state of Delaware have supported each other equally. People of Delaware have been employees of the company for generations. As the job cuts are nearing, the Governor declared that the state will support those employees who are let off during the following months.
DuPont Co. CEO Breen added that the announcement came during full holiday season because state regulations ask that job cuts are notified prior to December 31st. The company would have preferred that all employees receive their individual notification first. However, complying with state regulations takes precedence. Specialty products are foreseen to remain in Wilmington.
Photo Credits: Flickr
