NEW YORK — Invista, the former DuPont unit acquired by Koch Industries Inc. on April 30, cut 25 percent of the jobs at a nylon and spandex plant in Chattanooga, Tenn., last week and trimmed workers at its New York offices, the company said.
Invista said in a statement that it would reduce the workforce at Chattanooga but did not specify the number. More than 175 people were laid off, according to the Atlanta Journal-Constitution and thechattanoogan.com.
An Invista spokeswoman declined to comment. The company is evaluating all its facilities for job reductions and Chattanooga was not targeted, she said.
Executives at rival fiber firms, who asked not to be identified, said Invista also fired more than half its 30 New York staffers. Another Invista spokeswoman said a majority of the workers were contract employees, not permanent staffers. She declined to comment on the specific number of people affected. “We will still have a strong Invista apparel presence in New York,” the spokeswoman said.
Since the $4.2 billion sale closed, Invista and officials of Koch, based in Wichita, Kan., have declined to discuss how many people the business employs. Before the sale, DuPont officials put Invista’s worldwide head count at 18,000. Invista officials have said that one of Koch’s initial priorities for the business is cost cutting.
— Scott Malone