PPG to Lay off 1,700 Workers Worldwide; Fate of Oak Creek Workers Not Known Yet

OAK CREEK -- PPG, a global manufacturer of paints, coatings, optical products, specialty materials, glass and fiber glass, said it's cutting about 1,700 jobs worldwide, or about 3.6 percent of its workforce.

According to a Milwaukee Business Journal report, PPG operates a plant at 10800 S. 13th St. in Oak Creek that employs about 500. There is no word yet whether the layoffs will affect any employees in Oak Creek.

PPG reported a third-quarter loss of $201 million, or 75 cents per share, in October and promised to review cost-cutting options, according to reports.

The company's chairman and chief executive, Michael McGarry, said the cuts are fueled by "continued slow overall growth in global demand."

>>> image via PPG