dupont unit cutting 2,000 jobs - dacron material
The company will be responsible for the preparation of textiles and internal derivatives up to 16 cents per share. NEW YORK (CNN/Money)-DuPont Co.
The company said it would cut 2,000 jobs from its textile and interior division, which plans to split by the end of 2003. DuPont (
He said layoffs accounted for 10% of the unit's total labor force.
The third of the layoffs will be in the United States, and the rest will affect European employees.
The company also said it would close its tathane manufacturing plant in Niagara Falls, New York. Y.
As well as some spandex factories located in Va Waynesboro.
DuPont said in February that it will split the textile and Interior unit into a separate unit that will produce Leica, Stainmaster and polyester materials.
The company said it was evaluating the spin-off plan, including an initial public offering ).