PPG Industries Announces Layoffs of 1,800 Workers Amid Cost-Cutting Strategy

PPG Industries announces a significant workforce reduction of approximately 1,800 positions as part of a strategic initiative to cut operational costs and divest key business segments. This decision, affecting employees mainly in the U.S. and Europe, comes amid broader challenges in the manufacturing sector. CEO Tim Knavish emphasizes the necessity of these layoffs to enhance financial health, following the company’s plans to sell its architectural coatings business for $550 million. As PPG navigates these changes, the impact on job security and economic stability remains a concern.