IHS Chemical Week

Regions :: North America :: U.S.

PPG Announces Restructuring, Job Cuts

1:27 PM MDT | March 12, 2009 | Vincent Valk

PPG announced a restructuring plan involving 2,500 jobs cuts and closure of the company’s paint plant at Saultain, France. The company expects pre-tax savings of about $60 million for 2009 as a result of the restructuring, and $140 million annually in subsequent years. The moves, which were discussed during PPG’s fourth quarter earnings call in January, were undertaken in response to weak demand and the continually deteriorating global economy. Acceleration of cost-savings resulting from the 2008 SigmaKalon acquisition is included as part of the...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa