PPG Industries announced that it is considering a number of “restructuring actions,” including facility and job consolidations in the company’s coatings operations.
PITTSBURGH — PPG Industries Inc. announced that it is considering a number of “restructuring actions,” including facility and job consolidations in the company’s coatings operations, in response to increased manufacturing costs and slowdowns in key end-use markets.
The company did not announce specific moves that might be made, but any initiatives will be aimed at “reducing costs, increasing efficiencies and accelerating performance improvement throughout the company,” said Chairman and CEO Raymond W. LeBoeuf. The company estimated that the actions could result in a charge of $50 million to $100 million in the first quarter of 2001.