DuPont Co. has announced plans for a major restructuring program that will include employment reductions and other moves aimed at generating $450 million in cost savings this year and $900 million in savings in 2005.
The company says the plan includes actions aimed at generating annual revenue growth of 6%, a target DuPont says represents a "key objective in its ongoing transformation to become a sustainable growth company." Specifics of the program will be disclosed early this year.