DuPont to lay off 2,000 workers

May 7, 2009 12:31:50 PM PDT
DuPont will cut 2,000 jobs as the chemical company wrestles with falling sales. The Wilmington, Del.-based company said Thursday it would take a charge of between $340 million and $390 million in the second quarter, about 40 percent of it non-cash.

DuPont says it will realize about $225 million in annual savings by the end of 2010.

The company had already announced it was cutting 2,500 jobs, and said late last year it would pare 8,000 contractors from its rolls.

DuPont shares rose 31 cents to $5.40 in premarket trading.

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