DuPont to cut 1,500 jobs

By Frank Esposito, Crain staff (PN)

Wilmington Delaware — Poor third-quarter financial results are leading plastics and chemicals giant DuPont Co. to cut 1,500 jobs in the next 12-18 months.

No details were available as to how the cuts would be split among various DuPont businesses. Officials said the job cuts and other moves would save the firm $300 million in 2013 and $450 million annually beginning in 2014. The cuts represent about 2 percent of the firm’s global work force.

Third-quarter sales at Wilmington-based…

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