Chemical maker the DuPont Co. will cut 1,500 jobs and take other steps to increase competitiveness after a third quarter in which earnings fell sharply.
Terry Gooding, regional manager of Dupont Operations public affairs, said Tuesday that the company's Belle plant and its Washington Works in Wood County are not affected by the announcement.
"These reductions will be focused on corporate and functional groups worldwide," Gooding said. "The company is constantly working to outperform the competition and to ensure we stay ahead of changing market trends and are positioned to grow in spite of dynamic market challenges.
"Our core values remain the same, including safe plant operations, protecting the environment and a commitment to our local communities."
The Wilmington, Del.-based company reported net income of $10 million Tuesday, or a penny per share, compared with $452 million, or 48 cents per share, for the same period last year. Excluding one-time items, DuPont earned 44 cents per share, compared with 69 cents per share for last year's third quarter.
The results fell short of the average estimate of 46 cents per share, and Dupont's stock slid 4 percent in premarket trading.
Revenue totaled about $7.4 billion, down 9 percent from $8.1 billion.