CLEVELAND, Ohio -- Sherwin-Williams announced Monday it is looking to reduce staffing by offering voluntary buyouts to some employees.
Eligible employees who decide to leave the company at the end of June will leave “with enhanced financial support to pursue other career opportunities or retirement,” Julie Young, vice president of communications at Sherwin-Williams, said.
Sherwin-Williams did not specify how many people may be impacted or how an employee is deemed eligible for the program.
The voluntary separation program is part of a broader initiative to simplify management layers and improve the supervisor-to-employee ratio within selected corporate departments, Young said in a statement.
The move comes after “recent transformations aimed at reducing complexity within selected corporate departments,” Young said.
“The Company remains committed to delivering superior service to customers in the most optimal manner,” the statement concluded.
The paint and coating company revealed the separation program just weeks after acknowledging delays in the opening of their 36-story tower in downtown Cleveland due to issues with its own own fire-retardant product in the construction of its new downtown headquarters.
When open, the complex will be home to 3,100 workers.
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