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Pittsburgh Glass Works announces restructuring activities


December 2, 2008
By Market Watch

Dec. 2, 2008 – Pittsburgh – With the anticipated decline of North American automotive vehicle builds
in 2009, the Pittsburgh Glass Works (PGW) has announced that it is
realigning its manufacturing footprint and making reductions in its
salaried workforce.

With the anticipated decline of North American automotive vehicle builds
in 2009, the Pittsburgh Glass Works (PGW) has announced that it is
realigning its manufacturing footprint and making reductions in its
salaried workforce. As part of the initiative, the company said that it
will cease production at its Oshawa, Ontario, Canada glass fabrication
facility in the first quarter 2009.

Additionally, the company will
reduce its salaried workforce by over 150 people in response to lower
demand anticipated in 2009. The company further announced that two
satellite assembly plants in Newark, DE and Cambridge, Ontario, Canada
will be closed later in 2009.

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"This realignment will enable us to adapt to the changing demands of the
industry," said Jim Wiggins, PGW President & Chief Executive Officer.
"The changes are part of PGW's transformation of its manufacturing
footprint and will help to improve our focus on our remaining
facilities."

Wiggins added that an additional two plant shutdowns would be needed and
expects these closures to be announced once the analysis is completed,
in early January. The closures will strengthen PGW's ability to load
underutilized facilities and align capacity to meet the market demand.

"PGW will invest in remaining facilities to enhance its ability to serve
its diverse customer base," said Wiggins, "in addition, we've identified
several opportunities to improve efficiency at our glass fabrications
plants and throughout our replacement glass distribution system."

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