WILMINGTON, Del. (Dec. 3)—Seeking to become a "more focused, science-based company" after the divestiture of its Invista fibers business, DuPont Co. is planning a series of "aggressive actions"—including as-yet undisclosed job cuts—to generate $900 million in annual cost savings by 2005.
In addition, the firm said it would implement strategies designed to strengthen its ability to achieve 6-percent annual sales growth. The sale of Invista will make DuPont a smaller company with the potential for higher growth and profitability, according to DuPont Chairman and CEO Charles O. Holliday, Jr., but to achieve the potential will mean reducing complexity and costs. The company did not discuss specifics at this time.