According to a local news report, Libbey Glass will close its Shreveport, LA, factory and factory outlet store on December 31.
As previously reported, the company planned to close the factory as part of cost saving measures amid its Chapter 11 filing. The company has since emerged from Chapter 11 as Libbey Glass, a new private company controlled by the company’s private investors.
The Libbey factory has been in Shreveport since 1922 and employees approximately 450 employees, according to company officials. There is also a factory outlet store at the location, which is having a closeout sale.
Of the close, Libbey CEO Mike Bauer had said, “Although difficult, we believe this is a necessary step in transforming Libbey for success in the post-COVID-19 era, and we recognize the impact it could have on our 450 employees in Shreveport, their families and the communities in which we operate. We will work constructively with the unions representing Libbey employees and will keep all stakeholders informed as we consider our final decision about our continued operations.”