DuPont employees will learn by the end of today whether they will be part of the 1,700 workers expected to be laid off beginning February 29 this year through late March in the company’s home state, Delaware. These cuts are approximately a third of the total 5,000 layoffs DuPont announced.
The cuts come in lieu of the $130 billion mega-merger with Dow Chemical. DuPont has about 6,100 employees in Delaware alone, with 54,000 employees worldwide. DuPont CEO Ed Breen sent out a memo to employees on Tuesday last week announcing the staff cuts directly to staff.
The new company will take on the name DowDuPoint and have three divisions: Agriculture, Material Science and Specialty Products. The headquarters will remain in Wilmington, Delaware, according to Breen. DuPont was required to notify Delaware labour officials by Tuesday under a 60-day notice requirement set by the US Worker Adjustment and Retraining Notification Act.
It has been reported that the layoffs will occur at the headquarters and nine other Delaware sites. Breen told staff in his memo that DuPont will provide separation packages, career placement services, and training allowances to employees to help staff bounce back after the layoffs.
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