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Libbey plans to cut 200 jobs at Shreveport

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SHREVEPORT, La. (AP) — An Ohio-based glass company's plans are expected to result in the loss of about 200 jobs in Shreveport.

Toledo-based Libbey Inc. said Thursday that it plans to end sales of some items and reduce production at Shreveport. Some of that production will be relocated to Toledo and to Monterrey, Mexico.

A timetable was not announced. And the company described the plan as tentative. It said it would discuss the plan further with the United Steelworkers. The union represents Libbey production and maintenance employees in Shreveport.

"These changes would enable Libbey to reduce manufacturing capacity and improve asset utilization across our North American facilities, while continuing to meet the needs of our customers worldwide," Libbey CEO Stephanie Streeter said. "We regret the impact these changes would have on our affected Shreveport associates, but they are necessary to strengthen Libbey's financial and competitive position."

A union representative told KTBS television news in Shreveport that the plan would affect about 150 hourly workers and 50 salaried employees. About 800 people work there currently.

The announcement came as Libbey gave out fourth-quarter income figures. Sales were $219.1 million, compared to $214.8 million for the fourth quarter of 2011.

Libbey said income from operations grew 34.8 percent, compared to the fourth quarter of 2011, increasing to $13.1 million from $9.7 million.

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