PPG Industries Layoffs Job Cut: fires 2500 employees: Finance Trading Times

PPG Industries Layoffs Job Cut: fires 2500 employees

The news is not good for the employees of PPG Industries , which is a major company for Paints, Chemicals and other materials. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the PPG Industries Publishers. It has declared that it will layoff some 2500 workers. PPG Industries Logo

How many employees may be fired in the PPG Industries layoffs?
The news is that around 2500 employees may be fired from their jobs at PPG Industries.

What is the total no. of employees of PPG Industries?
Total No. of employees of PPG Industries is around 13000 as of now.

When will the PPG Industries layoffs happen?
As per the reports, the layoffs will be done beginning as soon as possible.

Which locations will be affected by the PPG Industries layoffs ?
The layoffs are reported to be conducted at a global level, so there is no confirm news about the locations which are going to be affected by the layoffs.

Any other details about the layoffs and company?
PPG Company said it will begin to furlough employees and stop company contributions to 401(k) plans.

What is the primary reasons for PPG Industries layoffs?
The company is laying off to go for cost cutting.

how much savings are expected to be made from the layoffs?
The PPG job cuts are expected to save about $60 million in 2009, and translate into savings of $140 million per annum in the subsequent years.

Any other news about PPG Industries layoffs
As per FoxNews, company said it will reduce capital spending by 50% and lower pension contributions to $350 million from the $400 million to $500 million earmarked at the beginning of the year.
Let's hope that alternative jobs are available to the affected employees of PPG Industries Layoffs Job Cut
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