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DuPont To Cut 2,500 Jobs, Trim 4,000 Contractors Save Email Print
Posted: 9:49 AM Dec 4, 2008
Last Updated: 6:51 PM Dec 4, 2008
Reporter: Associated Press

A | A | A

DuPont Co. says it will cut 2,500 jobs, mostly serving the U.S. and European automotive and construction markets, due to lower demand linked to the steep global decline in homebuilding, auto sales and consumer spending.

The Wilmington, Del.-Based chemicals maker also says it will trim 4,000 contractors by the end of this year.

But management at Washington Works says the Wood County plant should not be affected dramatically, at least not in terms of its own workforce.

"We do have a large variable workforce at the site," says Washington Works Manager Bill Hopkins. "Normally, we have more than 500 contract workers on site, and we have made some reductions there. We do not see a significant reduction in our normal DuPont workforce."

The variable workforce is a reference to people who work for companies manufacturers like DuPont hire for construction and non-manufacturing-related projects.

DuPont is forecasting a 2008 fourth-quarter loss of 20 cents to 30 cents per share, and for the economic downturn to continue through 2009. It's also a downturn the Washington Works plant has noticed in recent months.

"We did start to see some drop-off back in September," Hopkins notes. "We anticipate continuing to make additional reductions in that workforce. However, we're operating many of our assets on an as-need basis, and we don't see any impact on our normal DuPont workforce."

Analysts surveyed by Thomson Reuters currently predict quarterly profit of 23 cents per share and fiscal 2009 earnings of $2.80, on average.

Dupont has two West Virginia operations, located in Belle, near Charleston, and the Washtington Works plant near Parkersburg.

(Reporter Todd Baucher contributed to this story.)

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Posted by: Michael Location: Vienna on Dec 5, 2008 at 03:57 PM
I am also hearing about jobs being cut today at Dupont. Also that there were a lot of independent contractors who have been employed there for years being laid off.

Posted by: Janice Location: Parkersburg on Dec 5, 2008 at 08:54 AM
I've heard that 150 employees were laid off at Dupont Washington today?

Posted by: Shawn Location: Parkersburg, WV on Dec 4, 2008 at 05:29 PM
I am a contractor at DuPont Washington Works in Washington, WV. We just received word that there will be DuPont positions that will be terminated by the end of 2008. Mostly Salary-exempt jobs that are in the Automotive Support businesses. How many, we are not sure.

Posted by: Doug G on Dec 4, 2008 at 11:55 AM
Since the economy is in a recession, so many people are getting laid off from their jobs. My brother lost his job last year due to the mortgage crisis. It's very sad to see this happen in 2008 and I'm really hoping things will pick up soon. Jobs are hard to find, even during the holiday season and for those who are still unemployed, I give my sympathy to. A potential option for those still seeking for a job, is to look into an entrepreneurial experience. I used to work at Vector for 2 years while in college. I only worked part-time but made pretty good money for the hours I worked.

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