PPG Initiates Global Restructuring, Targeting $125 Million in Annual Savings – Business Wire (press release)
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…