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DuPont to cut 1,500 jobs
as economy worsens

Reuters, by Ernest Scheyder

Original Article

Posted By:NorthernDog, 10/23/2012 8:41:36 AM

DuPont (DD.N) reported a lower-than-expected quarterly profit on Tuesday and announced 1,500 job cuts as part of a cost savings program designed to offset falling sales around the world. Shares of the chemical company fell 6 percent in premarket trading. The move by DuPont, a member of the Dow Jones industrial average .DJIA and the maker of Kevlar bulletproof fiber and Corian countertops, marks one of the more extreme reactions to slipping demand and global economic uncertainty so far in this earnings season. DuPont's sales fell 9 percent to $7.4 billion in the third quarter, while analysts on average

Comments:
The private sector is Not fine.

  

Post Reply  

Reply 1 - Posted by: lydwho, 10/23/2012 9:07:27 AM     (No. 8954847)

But I heard Obama just last night telling how great the private sector was doing, and he wouldn't lie, would he????

Art


Reply 2 - Posted by: Bubbasuncle, 10/23/2012 9:11:51 AM     (No. 8954862)

I would bet that all the 1500 jobs will be lost in DE. A friend works in the research department, and they are laying off and combining facilities, but no worries for the Regime; they will still vote for them.


   

 

  


 
Reply 3 - Posted by: bob913, 10/23/2012 9:35:23 AM     (No. 8954924)

The company I work at has spent $75 million just to start implementing the obamacare rules that are showing up now. Imagine the cost soon after in 2013 and onward if obama is elected.

Many people have already lost their jobs as a result of these rules.


Reply 4 - Posted by: Nimby, 10/23/2012 9:40:32 AM     (No. 8954939)

Agree with #2. What does Delaware dork Biden have to say about it?


Reply 5 - Posted by: pgvoisin, 10/23/2012 10:02:03 AM     (No. 8955030)

Obamanomics!


Reply 6 - Posted by: kens, 10/23/2012 11:47:50 AM     (No. 8955421)

What was that Obama said about manufacturing jobs again?


Reply 7 - Posted by: iron duke1, 10/23/2012 11:49:44 AM     (No. 8955429)

I wonder if these poor souls are better off now than 4 years ago.


   

 

  


 

Post Reply   Close thread 708286




Below, you will find ...

Most Recent Articles posted by "NorthernDog"

and

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Most Recent Articles posted by "NorthernDog"



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Posted By: NorthernDog- 4/12/2013 3:03:17 PM     Post Reply
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Posted By: NorthernDog- 4/12/2013 8:56:16 AM     Post Reply
Luke Nichter of Harker Heights, Texas, said he’s not a renter by choice. The Texas A&M University history professor’s $125,000 of student debt means he has no hope of getting a mortgage. Nichter, 35, who’s paying $1,500 a month on loans for degrees from Bowling Green State University in Ohio, is part of the most debt-laden generation to emerge from college. Two- thirds of student loans are held by people under the age of 40, according to the Federal Reserve Bank of New York, blocking millions of them from taking advantage of the most affordable housing market on record.

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Posted By: NorthernDog- 4/11/2013 7:23:49 PM     Post Reply
The parents of George Zimmerman and Trayvon Martin clashed with emotional statements today, the one year anniversary of the Zimmerman´s arrest for shooting the unarmed Florida teenager. Zimmerman´s mother Gladys Zimmerman posted a two page letter online saying that her son was innocent and was arrested "solely to placate the masses." Hours later, Martin´s family and lawyer issued their own letter, stating the Gladys Zimmerman´s remarks were "disingenuous and disrespectful to the very system that is currently affording him every available opportunity to defend himself." The case has drawn white hot passions

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Posted By: NorthernDog- 4/11/2013 4:38:07 PM     Post Reply
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More NC firms drop health
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News & Observer [Raleigh, NC], by Ames Alexander and Renee Elder    Original Article
Posted By: NorthernDog- 4/11/2013 3:16:23 PM     Post Reply
RALEIGH — A new study suggests rising health care costs have taken a particularly large toll in North Carolina, where the number of residents who receive health insurance through their employers has dropped sharply over the past decade. The portion of North Carolinians under age 65 with employer-sponsored insurance declined from 69 percent in 2000 to 56 percent in 2011, according to the report released Thursday by the Robert Wood Johnson Foundation. That change left 220,000 fewer residents with health insurance. Only four states had a larger percentage drop. Soaring health care costs

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Posted By: NorthernDog- 4/10/2013 8:23:51 PM     Post Reply
With countries bracing for North Korea to conduct a missile test, Defense Secretary Chuck Hagel said Wednesday that the isolated nation was "skating very close to a dangerous line." During an afternoon news conference at the Pentagon, Hagel also told reporters that the United States had "every capacity" to "deal with" any action taken by the North against the U.S. and its interests and allies. "North Korea has been, with its bellicose rhetoric, with its actions, skating very close to a dangerous line," said Hagel, with Army Gen. Martin Dempsey, chairman of the Joint Chiefs

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Posted By: NorthernDog- 4/10/2013 8:12:07 PM     Post Reply
The son of former British prime minister Margaret Thatcher said his mother would have been “humbled” to know the Queen will attend her funeral, her son said today. In a statement outside her central London home Mark Thatcher said: “I would like to say how enormously proud and grateful we are that Her Majesty has agreed to attend the service next week in St Paul’s. “And I know my mother would be greatly honoured as well as humbled by her presence. “By any measure, my mother was blessed with a long life and a very full one. “However the inevitability

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Posted By: NorthernDog- 4/10/2013 7:17:06 PM     Post Reply
BIRMINGHAM, Ala.- The lone survivor of a 1963 Alabama church bombing that killed four black girls said Wednesday she wants millions in compensation for her injuries and won´t accept a top congressional award proposed to honor the victims. Sarah Collins Rudolph, in an interview with The Associated Press, said she feels forgotten 50 years after the blast shocked the nation. Rudolph lost an eye in the Sept. 16, 1963 bombing at Birmingham´s Sixteenth Street Baptist Church and says she never got restitution. (Snip) Rudolph said she wants compensation "in the millions" for her injuries and the death of Addie Mae

   

 

  


 
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Posted By: NorthernDog- 4/10/2013 2:02:02 PM     Post Reply
In Silicon Valley, the employee perks are the stuff of legend. Parents-to-be at Facebook are given a bonus to help with expenses and extensive maternity and paternity leave. Software company Evernote will pay to have their employees apartments cleaned twice every month. And Google — perhaps the most generous when it comes to fringe benefits — lavishes its employees with free concierge service and a cafeteria chock full of gourmet food. While these benefits are partially a product of the intense competition for qualified tech workers, they may also be a way for companies to simply increase compensation

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Posted By: NorthernDog- 4/10/2013 1:01:29 PM     Post Reply
The state health exchanges that are central to the U.S. Affordable Care Act are costing the federal government more than twice its initial budget to complete. The Obama administration expects to have spent $4.4 billion in fiscal 2012 and 2013 on grants to states that are building new marketplaces to sell subsidized health insurance, according to budget proposals released today for 2014. A year ago, the administration had anticipated spending about $2 billion. Including grants the administration expects to make in 2014, costs for the state-run exchanges will reach about $5.7 billion. The budget overrun doesn’t include

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Posted By: NorthernDog- 4/9/2013 6:35:41 PM     Post Reply
SAN FRANCISCO — California lawmakers are considering taking some tax exemptions away from youth groups that do not accept gay, transgender or atheist members — a move intended to pressure the Boy Scouts of America to lift its ban on gay Scouts and troop leaders. Some cities have withdrawn free rent and other subsidies from the Boy Scouts over the years, but legislation introduced by state Sen. Ricardo Lara would make California the first state to target the Scouts for its anti-gay policy. The Long Beach Democrat´s bill, SB 323, is scheduled for its first committee hearing on Wednesday.



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