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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 sell architectural coatings business in United States, Canada
The architectural coatings business in the U.S. and Canada had about $2 billion in revenue in 2023 and includes Glidden, Pittsburgh Paints & Stains, Dulux, Olympic and others.
11h
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 ...
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 ...
4d
How PPG's divestiture could impact its naming rights to PPG Paints Arena
Will the decision by PPG to sell off its domestic paints business have an impact on one of its most visible branding, the PPG ...
10h
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 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 ...
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 ...
2h
on MSN
Duke freshman Cooper Flagg joins seniors RJ Davis, Mark Sears, Caleb Love on preseason AP All-America team
Broome (16.5 ppg, 8.5 rpg, 2.2 apg, 2.2 bpg) is a returning third-team All-American and was a first-team All-SEC selection ...
11h
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.
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architectural coatings
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