DuPont, the US chemicals group, has become the latest in a long line of US and UK companies to change the terms of its pension scheme to improve earnings.

The company, the maker of Lycra stretch-fabric and Teflon, a non-stick coating, has cut its pension provision by two thirds and shifted workers from a defined benefit scheme to a defined contribution one.

Mark Cobley

DuPont

Debenhams

Jardine Lloyd Thompson

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DuPont slashes the cost of pensions

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