Business

DuPont layoffs hit RTP

DuPont, which employs about 160 people in Research Triangle Park, has begun a restructuring that is expected to reduce the company’s global workforce by 10 percent.

The company has begun making cuts but is not breaking out who is being impacted by business, function or location, spokesman Dan Turner wrote in an email.

RTP is home to the headquarters of DuPont’s Electronics & Communications business. The restructuring involves reducing the number of business units within Electronics & Communications from 11 to just 3 – photovoltaics and advanced materials, electronics and advanced printing.

“The new structure is designed to enhance efficiencies and serve its global customers better, and as a result, changes are being made to the organization at RTP,” Turner wrote. “Career transition support services will be provided to impacted employees and they will also be able to apply for open positions within the company.”

Dow Chemical and DuPont announced plans to merge last week. The two companies plan to first form DowDuPont, then separate into three independent publicly traded companies focused on agriculture, material science and specialty products.

Both companies also announced separate restructuring plans last week.

DuPont announced a plan that is expected to reduce costs by $700 million in 2016 compared to this year. DuPont expects to record a pretax charge of about $780 million, with about $650 million of employee separation costs.

Dow and DuPont have been hurt by falling commodity prices, which has adversely affected the agriculture sector. The companies also are under fire from activist investors who want them to reduce spending and shift their focus away from commodities.

Associated Press contributed.

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