Like many large global manufacturers, PPG has had periodic layoffs and restructuring actions in recent years, but not a single massive company-wide layoff that shut down the company. In 2023 and 2024, PPG announced cost savings and restructuring programs aimed at reducing overhead, streamlining operations after acquisitions like Tikkurila, and adjusting to weaker demand in Europe and in some industrial markets, which included targeted reductions of several hundred positions in Europe, North America, and in corporate functions. These actions were disclosed in its quarterly earnings and 10-K filings as part of efforts to save about 70 to 100 million dollars annually through plant consolidations, back-office consolidation, and voluntary separation programs. At the same time, PPG has continued hiring in growth areas such as automotive coatings in Mexico, aerospace in the US, and technical sales roles. Headcount has fluctuated between about 46,000 and 51,000 employees globally over the past five years. If you are concerned about a specific location, PPG Paints stores, manufacturing plants, and technical centers sometimes adjust staffing based on local market conditions, so it is best to check recent Worker Adjustment and Retraining Notification notices for your state or recent news for that facility. Overall, the company is not in financial distress and remains profitable, but it does manage costs through periodic workforce adjustments.
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