PPG Industries

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
2,000 jobs
Number of planned job losses
Job loss
Announcement Date
5 April 2012
Employment effect (start)
2 April 2012
Foreseen end date
31 December 2012

Description

On 4 April 2012, US-based paints, chemicals and glass manufacturer PPG Industries announced the intention to cut 2,000 jobs. The job cuts account for 5.2% of the company's global workforce of 38,400 employees. The restructuring is due to a fall of demand for coatings in Europe and the industrial economic slowdown hitting hard chemical makers. 

Sources

  • 5 April 2012: Wall Street Journal ()

Citation

Eurofound (2012), PPG Industries, Internal restructuring in World, factsheet number 73438, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73438.