DuPont To Consolidate Coatings Operations, Close Plants In Europe
DuPont announced plans to consolidate coatings manufacturing, R&D, marketing and administrative operations, primarily in Europe, as part of an ongoing integration program associated with the company’s 1999 acquisition of Herberts.
WILMINGTON, DE — DuPont Co. announced plans to consolidate coatings manufacturing, R&D, marketing and administrative operations, primarily in Europe, as part of an ongoing integration program associated with the company’s 1999 acquisition of Herberts, the former coatings business of Hoechst AG.
DuPont said the actions will eliminate approximately 900 employment positions as a result of the closing of five European manufacturing facilities and transfer of their operations to regional, industry-focused “centers.” The job reductions will be carried out through a variety of early retirement and severance programs, the company said. The actions are expected to result in annual pretax savings of about $80 million.