May 7, 2009 (FinancialWire) — DuPont (NYSE: DD) will eliminate around 2,000 positions as part of a restructuring plan designed to reduce the company’s fixed costs by $730 million to $1 billion during 2009. The plan was first reported in April.

The company said its actions are intended to preserve its cash position and better position the company for global economic recovery following “fundamental marketplace shifts and demand declines - particularly in motor vehicle, construction and industrial markets.”

DuPont will take pre-tax charge for the restructuring plan in the second quarter 2009 totaling $340 to $390 million, of which around 40 percent is expected to be non-cash.

The restructuring plan, which DuPont anticipates will have “an essentially cash neutral impact” this year, is expected to deliver over $70 million benefit in 2009 with about $225 million annual savings by year-end 2010.

DuPont said it will continue “aggressive actions” to reduce costs and capital expenditures, in addition to maintaining “an appropriate level of investment” for high-growth, high-margin businesses including seed products and photovoltaics. In the first quarter, DuPont launched more than 500 new products, nearly double the number introduced in first quarter 2008.

Wilmington, Delaware-based DuPont is a products and services company operating in more than 70 countries. The company offers products and services for markets including agriculture and food, building and construction, communications and transportation.

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