DuPont offered workers an early retirement plan.
- Share via
The Wilmington, Del.-based chemical firm said it expects from 4,500 to 6,500 of its domestic employees to take advantage of the offer, which is being made to reduce the firm’s current work force of 157,000. The company said it expects the program to cost $125 million in the first quarter of this year but to save $225 million annually in salaries and benefits. Employees who take early retirement will be given credit for five years’ additional service in computing their pensions, to a maximum of 40 years.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.