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PPG to lay off 1,800 employees
PPG to lay off 1,800 employees as paints and coatings maker looks to cut costs
PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs, with the paints and coatings maker also inking a deal to sell a sizeable chunk of its architectural business.
PPG to Lay off 1,800 Employees in Cost-Cut Drive, Sell Coatings Unit
(Reuters) - Paints and coatings maker PPG Industries said on Thursday it would lay off 1,800 employees in the United States and Europe and close various facilities as part of its cost-reduction program. Shares of the Pittsburgh, Pennsylvania-based company were up 1.3% before the bell.
PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz
PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.
PPG to lay off 1,800 employees, close plants and sell $2 billion business
PPG Industries Inc. said Thursday it plans to cut about 1,800 positions and close an unspecified number of plants under a cost-reduction plan it disclosed while announcing a deal to sell its $2 billion architectural coatings business.
55m
PPG price target lowered to $155 from $160 at BMO Capital
BMO Capital analyst John McNulty lowered the firm’s price target on PPG (PPG) to $155 from $160 and keeps an Outperform rating on the ...
4d
on MSN
PPG is selling architectural coatings business in U.S., Canada; 1,800 job cuts
PPG (NYSE:PPG) on Thursday said it agreed to sell its architectural-coatings business in the United States and Canada for ...
4h
Pa.-based paint company to lay off 1,800 workers
The company said that the bulk of the layoffs, which are part of an effort to cut costs, would largely take place in the U.S.
3h
PPG Industries (PPG): New Buy Recommendation for This Basic Materials Giant
J.P. Morgan analyst Jeffrey Zekauskas maintained a Buy rating on PPG Industries (PPG – Research Report) on October 17 and set a price ...
GlobalData on MSN
3d
PPG to divest US and Canada architectural coatings business
The sale is forecast enhance the company’s portfolio by strengthening its organic growth and financial returns.
4d
PPG Strikes $550 Million Deal to Sell House-Paint Business; Plans Job Cuts
PPG is selling its residential and commercial paint business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million. The Pittsburgh-based paint and coatings ...
MDM
3d
PPG to Sell Architectural Coatings Unit in $550M Deal
Pittsburgh, PA-based paints, coating and specialty materials supplier PPG has agreed to sell its architectural coatings ...
4d
PPG Industries (PPG) Q3 2024 Earnings Call Transcript
PPG Industries (NYSE: PPG) Q3 2024 Earnings Call Oct 17, 2024, 8:00 a.m. ET Good morning. My name is Elliot. I'll be your ...
50m
on MSN
Is Indiana Men’s Basketball Better Than Wisconsin?
In this series, Hoosiers On SI examines where Indiana basketball stands against its Big Ten foes. Today, we look at how IU ...
4h
PPG Industries (PPG) Receives a Hold from Barclays
Barclays analyst Michael Leithead maintained a Hold rating on PPG Industries (PPG – Research Report) today and set a price target of ...
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architectural coatings
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