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PPG Industries may cut 4,500 jobs, CEO says

Post Time:Jan 28,2009Classify:Industry NewsView:131

PPG Industries Inc. [Pittsburgh] may cut as many as 4,500 employees later this year due to the worldwide economic downturn, particularly weak global demand from automakers and home builders, CEO Charles E. Bunch told Bloomberg News today.

PPG announced last September that it would eliminate about 1,000 jobs under a restructuring plan, and now is considering boosting the cuts to about 4,500 employees, Bunch said today during an interview with Bloomberg in New York. "That would be at the high end," he said, according to a Jan. 27 report in Pittsburgh Tribune-Review.

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