PPG Industries FiberGlass Products Inc. plans to cut 90 jobs on May 1, a company spokesman confirms.
The company cites the weak economy and reduced demand for fiberglass.
Fifteen workers have taken an early retirement offer and 75 will be laid off, says Jeremy Neuhart, spokesman for parent company PPG Industries Inc.
Those 75 have one-year recall rights.
In November, the company announced plans to invest $20.5 million to expand its Shelby facility and add 120 jobs over the next three years.
PPG Industries FiberGlass said it planned to increase production of fiberglass to meet growing demand for wind turbines, which have blades made of resin-coated fiberglass.
Those plans have been put on hold. “We’ll wait to see when demand comes back,” Neuhart says.
Pennsylvania-based PPG Industries (NYSE:PPG), which operates two fiberglass production facilities in Shelby and Lexington, and an industrial paint facility in Greensboro
Source: Charlotte Business Journal
Local JobPods 