DuPont Co. on Monday said it would reduce costs by $900 million, partly through job cuts, and aims to increase revenue by 6 percent as it grapples with high raw material prices and the impending sale of its key clothing and carpet fiber business.

....The Wilmington, Delaware, company said half of the cost cuts will come in 2004 and the rest in 2005.

...The plan ... includes $500 million in cost cuts from the reorganization of staff, support services and manufacturing operations, and a $200 million improvement in margins from the consolidation of product lines.

...The company said it would disclose the number of job cuts and details of restructuring charges when it announces first-quarter results on April 27, 2004....

--Reuters/Boston Globe

If we're on the verge of a boom of world-historic proportions, why is this happening?