EMCC European Monitoring Centre on Change

PPG Industries

Company/Organisation:
PPG Industries

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
Number Employed: 38400

Employment Effects

Announcement Date: 05-04-2012
Planned Job Reductions min: 2000
Planned Job Reductions max: 2000
Type of Restructuring: Internal restructuring
Employment Effect Start: 02-04-2012
Foreseen End Date: 31-12-2012

Additional Information

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.