Dupont To Close Manufacturing Sites In Europe

Dupont announced March 15 that it is closing four manufacturing and laboratory facilities in Europe: two in Spain, one in the Netherlands and another in Germany. This would eliminate 1,500 jobs, mostly in Europe, under a restructuring plan that aims to save $165 million.

This action is in addition to the company's announcement last month that it is cutting about 200 jobs with the closure of a laboratory in Michigan.

The plan is to save $165 million in Dupont's chemicals coating business while "rebalancing our assets toward faster growing market segments and geographies", said Terry Caloghiris, group vice president for DuPont Coatings and Color Technologies.

Copyright Agence France-Presse, 2006