DuPont reported a lower-than-expected quarterly profit on Tuesday and announced 1,500 job cuts as part of a cost savings program designed to offset falling sales around the world.
Shares of the chemical company fell 6 percent in premarket trading.
The move by DuPont, a member of the Dow Jones industrial average and the maker of Kevlar bulletproof fiber and Corian countertops, marks one of the more extreme reactions to slipping demand and global economic uncertainty so far in this earnings season…
via DuPont to cut 1,500 jobs as economic storm worsens | Fox Business.
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