US PPG to cut deeper, 4,500 jobs at stake - report

28 January 2009 19:37  [Source: ICIS news]

TORONTO (ICIS news)--US chemicals, coatings and glass producer PPG Industries may cut up to 4,500 jobs as it responds to the global economic downturn, according to a US news report on Wednesday.

The cuts would come on top of employment reductions, plant closures and restructuring that the company announced in September, the report by Bloomberg said.

A media spokesman at PPG's headquarter in Pittsburgh, Pennsylvania, did not provide immediate additional comment.

The report quoted PPG CEO Charles Bunch as saying that the job reductions would be decided later this quarter and would likely be focused on PPG’s automotive customer markets.

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By: Stefan Baumgarten
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