DuPont cuts workforce by 10 percent

Wilmington, DE — Looking to reduce costs, DuPont Textiles & Interiors today announced that it's cutting more than 10 percent of its global work force, better than 2,000 employees.

DTI, a division of the DuPont chemical company, expects the cuts to save about $120 million. The majority of the reductions, more than two-thirds, will occur in manufacturing facilities and offices in the United States, with most of the balance taking place in Europe.

Dupont plans to shutter its terathane PTMEG manufacturing unit at Niagara Falls, NY, and less competitive portions of the spandex operation at Waynesboro, VA. The plans call for more than half of the affected employees to leave DuPont by July 31.

DuPont previously announced its plans to create DTI as a new wholly-owned subsidiary and separate it from DuPont by year-end 2003, market conditions permitting. The company is evaluating a range of separation options, including an Initial Public Offering.

In other company news, DuPont Ink Jet has named Brad Peiper global sales and service manager.

Peiper will be responsible for developing worldwide sales and service strategies for the DuPont texiles and ink segments, as well as adapting business strategies to accommodate global customer needs.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!