PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE:PPG) announced today that its board of directors approved
significant and broad restructuring actions to reduce its global cost
structure. The actions are focused on certain regions and end-use
markets where business conditions are weakest, and they are targeting
structural reductions in operating, functional and administrative costs.
Because of continued slow overall growth in global demand, we are
taking decisive action to adjust our cost structure, said Michael H.
McGarry, PPG chairman and chief executive officer. These measures will
better align our resources with anticipated ongoing business conditions
and …
Read the full article at: http://www.businesswire.com/news/home/20161209005246/en/PPG-Initiates-Global-Restructuring-Targeting-125-Million