Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

DuPont cutting 1,500 jobs; profit forecast slashed
Reuters ^ | 10/23/12

Posted on 10/26/2012 7:21:53 PM PDT by advance_copy

DuPont (DD.N) slashed its earnings forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts on Tuesday, signs that demand for the chemical company's lucrative paint and solar products is slipping around the world.

Shares of DuPont, a component of the Dow Jones industrial average .DJIA, fell more than 9 percent in midday trading.

The job cuts are one of the more extreme reactions so far this earnings season to slipping demand and global economic uncertainty, and recent data suggest more layoffs could be on the way.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: 2012; obamanomics
Forward
1 posted on 10/26/2012 7:21:54 PM PDT by advance_copy
[ Post Reply | Private Reply | View Replies]

To: advance_copy

Unexpected.


2 posted on 10/26/2012 7:23:25 PM PDT by ClearCase_guy (Global Warming is a religion, and I don't want to be taxed to pay for a faith that is not mine.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: advance_copy

Man you’re like the Grinch Who Stole The Recovery tonight!

Wonder how many of the laid-off thousands you’ve referred to cast early votes for obama?


3 posted on 10/26/2012 7:48:19 PM PDT by One Name (Ultimately, the TRUTH is a razor's edge and no man can sit astride it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy
10 people were laid off from our company in the past week on orders from the owner, a big Rat supporter and personal friend of Jerry Brown. Also attended a Hollywood fund raiser for 0bama at $35k a ticket.
4 posted on 10/26/2012 7:51:44 PM PDT by chrisinoc
[ Post Reply | Private Reply | To 2 | View Replies]

To: advance_copy

Boy, advance - you’re just a fountain of happy news tonight aren’t you ;-) But your posts prove what should be obvious: business investment is locked up, and not only are companies not hiring, but they are shedding cost and jobs in the uncertainty of Obamacare, the fiscal cliff, European instability, and most of all, they possibility of four more years like the last four.

The picture is pretty stark.


5 posted on 10/26/2012 8:08:40 PM PDT by bigbob
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson