Libbey Inc., one of the world’s largest glass tableware manufacturers, today announced temporary changes to its U.S. operations in response to the continued spread of COVID-19 and uncertainty regarding the potential impact on the Company’s business demand.
In light of the rapidly evolving situation, the Company will temporarily halt production at its Toledo, Ohio, and Shreveport, Louisiana, manufacturing facilities for a minimum of two weeks beginning March 23. As part of the transition, various employees across the U.S. manufacturing facilities will be temporarily laid off. During this timeframe benefits will remain in place.
The Company’s U.S. distribution network will continue operating with employees reporting to work on a potentially reduced schedule. Libbey will also temporarily close its two outlet retail stores in the U.S. for a minimum of two weeks beginning March 21. At this time, our international manufacturing and distribution facilities continue to operate.
“In accordance with the guidance of global health professionals, and in light of rapidly evolving market conditions, we made the difficult but necessary decision to suspend production at our facilities and close our U.S. stores during this period of unprecedented uncertainty,” said Mike Bauer, chief executive officer of Libbey. “Safeguarding the health and safety of our associates, customers and the communities we serve is our top priority, and in anticipation of ongoing market headwinds, we believe this decision is prudent and necessary. We will continue to closely monitor the situation across our global facilities and will make adjustments as necessary. We remain committed to upholding our mission of creating the most rewarding experiences for customers and end users.”
Since the initial outbreak, Libbey has taken steps to ensure the safety of its employees, including offering remote working arrangements where possible and implementing enhanced safety and sanitation protocols at all of the company’s facilities.
Due to the rapidly evolving environment and continued uncertainties from the impact of COVID-19, the Company is withdrawing its previously announced outlook for full-year 2020.
