PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs
Snippet of Article: "...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. Pittsburgh-based PPG said Thursday that the job cuts would primarily impact positions in the U.S. and Europe. ...PPG's recent cuts also arrive amid an environment of poor home sales. Existing U.S. home sales slipped 2.5% in August, the latest month with data available, as prices increased on an annual basis for the 14th consecutive month. And the average rate on a 30-year mortgage surged to 6.32% last week, below 2024's peak of 7.22% in May."
Source: www.cbsnews.com
