USA chemicals giant DuPont announced plans on Wednesday to cut 1,700 jobs from its headquarters as it restructures ahead of its planned merger with Dow Chemical.
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In a letter addressed to DE workers Tuesday DuPont CEO Ed Breen essentially said the layoffs were their best choice, writing in part, “I want to reinforce that these decisions were made only after careful and serious deliberation, taking into account every possible alternative”.
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Delaware Gov. Jack Markell said the announcement of the job cuts is “deeply disappointing”. The company has approximately 54,000 employees worldwide and the restructuring program will ultimately affect about 10 percent of that workforce. DuPont was legally required to inform DE of the job cuts before the end of the year, ABC News reported. Earlier this month, the two companies announced a megadeal where they would merge and form DowDupont and later break up into three independent companies.
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Though towers built to house former DuPont Co. offices and du Pont family-backed institutions still dominate central Wilmington, the bank JPMorgan Chase & Co. has replaced DuPont as the state’s largest corporate employer.
The state requires Dupont to provide information regarding the job cuts by December 31.
“Especially given that we are in the middle of the holidays, we would have preferred to wait until individual notifications were complete before reporting the full local impact”, Mr. Breen wrote.
Although DuPont will eliminate more than 1 in 4 of its remaining positions in DE, the company is not expected to shutter any of its local properties.
“This is a very hard day for DE”, said Sen.
Laid-off employees will be provided separation packages, career-placement services and training allowances, according to the letter.
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DuPont on Tuesday also announced plans to locate its post-merger specialty products business in DE, although an exact location has not yet been determined. Together, their complementary offerings create a new global leader in Electronics Products, and each business will benefit from more targeted investment in their productive technology development and innovation capabilities.
