Severe Cost-Slashing at DuPont Has Never Led To Growth & Prosperity!
Good Morning, Bonjour, Guten Tag, Buon Giorno,
Readers, talk about tired corporate strategies that don't work. Get a load of this observation by Zacks Monday, May 6, 2013:
"DuPont has embarked on an aggressive cost-cutting strategy by reducing fixed costs, retrenching employees, restructuring work schedules and improving working capital productivity."
"Retrenching employees" is obviously a public relations euphemism for killing jobs, trashing careers, and stiffing regular DuPont employees and contract workers on pensions, pay and benefits. Fearful for their livelihoods, workers simply don't go the extra-mile or take any risks. Severe cost-slashing simplemindedly executed by DuPont Senior Management down the steep hierarchical ladder demoralises regular workers. Depressed and demoralised workers (awaiting the potential axe) do not create and innovate, nor produce or outsell. Nor will regular DuPont women and men put out if they believe the bumbling bozos in the executive suites in Fortress Wilmington are taking out of their hides the massive looming costs for settling $billions in Imprelis litigation claims!
Such is the dumbed-down, shrunken DuPont of the 21st century. Investors, customers, farmers and growers, beware and be wary.
In the meantime, superior-managed Syngenta reigns supreme out-innovating, out-producing and out-selling DuPont in ag chemicals around the globe.
Merely the morning comments and opinion of one individual retail investor and long-time student of the