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Libbey closed its plant in Shreveport, USA

Post Time:Jan 14,2021Classify:Company NewsView:930

The Shreveport plant has been operated for 47 years by glass tableware manufacturer Libbey, which became involved in Chapter 11 bankruptcy proceedings in the summer of 2020.

Libbey officials were looking to reduce costs and match manufacturing capacity with less demand. Thus the Libbey Glass plant and outlet store in Shreveport ceased, putting 450 employees out of work.

“Over the last few years, we have experienced declining demand in our core markets, which has contributed to overcapacity. This has been exacerbated by COVID-19,” Mike Bauer, Libbey chief executive officer, said in the summer of 2020. “The recommendation to close our facility in Shreveport will better align our cost structure with current and expected customer demand as position Libbey for the future.”

Source: glassonlineAuthor: shangyi

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