DuPont Plans Job Cuts, Site Closures in Europe
From the Associated Press
Chemical maker DuPont Co. said it planned to cut 1,500 jobs and close four facilities in Europe in a restructuring of its performance coatings business.
DuPont executives said the restructuring would reduce annual costs by about $165 million. The Wilmington, Del.-based company anticipates taking a pretax charge of as much as $165 million in the first quarter.
The company also raised its profit guidance for the first quarter and the year.
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