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Piramal Glass USA Inc. this week officially announced the layoff of 165 employees at its Park Hills plant, effective July 31. This layoff will impact both unionized and salaried jobs.
Piramal Glass USA Inc. is the U.S. subsidiary of the Indian company Piramal Glass Private Limited and has a glass manufacturing operation in Park Hills. Flat River Glass Operations is one of three Piramal Glass manufacturing plants in the U.S.
Since employees at the Park Hills plant were notified of the layoffs, several rumors have circulated on social media. Some have speculated that the facility is shutting down completely, while others have said the layoffs are nothing out of the ordinary.
Sanjay Tiwari, CEO of Piramal Glass USA, explained that the reason for the employee layoffs is the recent pandemic’s economic effect.
“Over the past few years, we have invested in upgrading the facilities and in additional warehousing,” Tiwari said. “The current economic environment, coupled with the heightened uncertainty created by the COVID-19 pandemic, has led to a significant reduction in customer demand resulting in a substantial pileup of finished goods inventory.
“Under such trying circumstances, the company is forced to cut back on the manufacture of certain products, realignment of the business functions, and downsizing teams to optimal levels,” the CEO explained.
